Indian stock markets open in red ahead of Indian Union Budget
February 29th, 2008
A big day for the stock markets. The Indian Finance Minister will be presenting his Budget speech shortly. Meanwhile the Indian stock markets opened marginally in the red. Fertilizers, Seeds and Paper stocks are in the green considering the budget will give some thrust to agriculture.
Minister of Finance Chidambaram and Minister of State for Finance entered into the Parliament just few minutes ago. The Finance Minister will be presenting the Indian Union Budget at about 11:00 AM
Banking stocks are in the red. Bank Nifty is down 1.28% CNX IT is marginally up at 0.09%
Auto, Bank, Consumer Durables, Health Care, IT, Metal, Oil & Gas, Power sectoral indices on the BSE are in the red. Consumer Goods, FMCG, PSU and Realty sectoral indices are in the green. Chambal Fertilizers, RCF, Zuari, Aries Agro, Kaveri Seeds and Tamilnadu Newsprint are buzzing with over 3-4% upside just few minutes after openeing.
Entry Filed under: Equities, BSE, NSE, Opening trade, Fertilizers
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