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Indian markets trying to hold in the green

January 2nd, 2008

The Indian Stock Markets are volatile and are struggling to hold in the green territory. NSE Nifty is marginally in the green while BSE Sensex added 78 points and is up 0.39%. Bank Nifty is a solid 1% up while other sectoral indices are marginally in the green. Nifty Junior is up 1% this morning. BSE Midcap index is up 1% while the Smallcap index is up 2%. BSE PSU, Bankex and FMCG are looking positive. IT Sector continues to be showing mixed signs.

Largecap IT Stocks Infosys, Satyam, Wipro are in the red while TCS is holding in the green. Midtree jumped 2.98% this morning. MPhasis and Subex are in the green up by 1%

Banking Stocks are frim. While the largecap banking stocks are marginally in the red, the focus is definitely in the midcap banking stocks. Axis Bank jumped 4.5%, Union Bank is up 3%, Canara Bank is up 2.3% while Corporation Bank is up 2.8%

Bombay Dyeing, Tata Tea, Andhra Bank, Syndicate Bank, Amtek Auto, Petronet, Rolta, IVRCL Infra, Tital, J&K Bank are some of the big movers in the midcap stocks.

Entry Filed under: Equity Markets, BSE, NSE, Opening trade