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Indian markets trades firm; IT stocks recover a bit

September 17th, 2008

Wednesday, September 17, 2008 10:27:43 AM IST

The Indian stock markets opened firm this morning. IT stocks are back on course today while Banking stocks continue to be hammered. Nifty is at 4045 levels while Sensex is at 13518 levels, both the indices are marginally down.

The CNX IT is up 1.79% while the Bank Nifty is down 1.81%. CNX 100 is down 0.58% while CNX 500 is down 0.37%. The CNX Midcap index is up 0.29%

Nifty toppers so far today include Infosys (up over 3.8%), Satyam, Tata Motors, Cairn, ONGC (all up over 2%) followed by Wipro, Hero Honda, M&M, Zee Limited and Maruti (all up over 1%)

Nifty losers list includes Ranbaxy (down over 7.8%), IDEA, ICICI Bank (both down over 4%), ITC, Sterlite (both down over 3%), SBI, Grasim, SAIL, BPCL and Reliance Power (all down over 2%)

BSE Midcap and Smallcap indexes are marginally in the green. Auto, Capital Goods and Consumer Durables sectoral indices are trading in the green while FMCG, Health Care, Power, PSU and Oil & Gas are in the red.

1 U.S. dollar = 46.8099 Indian Rupees
1 U.S. dollar = 105.7305 Japanese Yens
1 U.S. dollar = 0.7071 Euros
1 Ounce Gold = $779.20
1 Barrel Crude Oil = $93.98

Entry Filed under: Equity Markets, Opening trade