GetPaidIndia.com

Indian stock markets open positive, Sensex and Nifty up by over 3%

February 14th, 2008

Bulls seems to have been coming back as volumes on the stock markets are driving the indices. Both the NSE Nifty and BSE Sensex are up over 3%. Buying is visible across largecap, midcap and smallcap companies. BSE Power and Oil & Gas sectoral indices up over 4%

It is a big openeing this morning with both the stock exchanges ticking in the green. CNX NIFTY is at 5102.75 up by 3.52%. NIFTY JUNIOR is at 9516.15 up 3.33%. The Largecap dominated CNX 100 is at 4964.80 up by 3.52%. The broader CNX 500 is up 3.55% whule the CNX MIDCAP is at 6914.95 up by 3.26%. CNX IT is up 2.56% while BANK NIFTY just passed the 9000 levels and is up 2.95%

The BSE Sensex is at 17,543.70 up by 594.56 or 3.51%. Midcap Index is up 3.09% while Smallcap Index is down 2.36%. All Sectoral indices on the BSE are in the green at the moment.

Reliance stocks are in the green. Reliance is at Rs. 2498.15 up by 4.55%. Unitech is at 382.50 up 7.96%. L&T crossed the 3400 levels and is at 3416.00 up 4.23%. Infosys is attempting Rs. 1600 levels. The script is trading at Rs. 1593.00 levels and is up 3.08%

On the Technology front, Subex is up 5%, Tech Mahindra, Hexaware, Rolta, MPhasis, Polaris, Finantech are all up by over 3%

On the Banking front, HDFC Bank, Union Bank of India are up over 4% while Axis Bank, ICICI Bank, Kotak Bank and Oriental Bank of Commerce are up over 3%

10:10 AM IST

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