Indian markets takes a weak opening
February 6th, 2008
In line with the US and the Asian trends, the Indian stock markets took a weak opening this morning. Nifty is down 2.9% while Sensex is down 3.1%. IT and Metal stocks continue to be the worst hit.
BSE Mid cap index is down 2.03% while BSE Small cap index is down 1.55%.
Infosys, Wipro and Satyam are down over 4% while TCS is down over 3%. Global Tele is up 1.93%. Amongst the banking stocks, ICICI Bank, State Bank of India, Kotak Bank are down 2% while Punjab National Bank is down 3%
Large cap stock losers in the early trading hours include Sterlite Industries, Bharti Airtel, HDFC, HCL Tech, Unitech, VSNL, Sun Pharma, Hindalco amongst others. Only Hero Honda is up marginally amongst the Nifty 50 stocks.
Entry Filed under: Equities, BSE, NSE, Opening trade
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