Indian markets trading flat - January 9, 2007
January 9th, 2008
Indian markets opened volatile this morning though declining stocks are ahead of the advancing stocks. Nifty is down marginally by about 0.22%. Bank Nifty, CNX 100, CNX Defty are all marginally in the red.
Bharti Airtel continues to be trading in the red at Rs. 968 levels while its peer Reliance Communications is cementing at above the Rs. 800 levels.
ICICI Bank which saw good trading interest for the last two trading sessions is in the red today. Corporation Bank and Axis Bank are trading in the green while Punjab National Bank, Canara Bank and Union Bank are down by over a percent.
IGate is surprising up 8% and has crossed the the de-listing price. IGate announced its results and hence the cheer in the stock price. IGate is expecting to complete its de-listing process by the end of January. Other losers in the first trades amongst the IT pack include HCL Insys, Global Tele and Financial Tech. Large cap IT stocks Infosys, Wipro, Satyam and TCS are marginally in the green.
Entry Filed under: Equity Markets, BSE, NSE, Opening trade
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