Indian stock markets take a volatile opening
January 30th, 2008
The Indian Stock markets took a volatile opening this morning. Nifty is down 0.21% while Sensex is down 0.26%. BSE Midcap and Smallcap indices are marginally in the red. Bank Nifty is up 0.52%. PSU and Reality sectoral indices on the BSE are in the green.
Public Sector banks are getting good buying considering that the valuation of most of the banking stocks came back to attractive levels. Bank of Baroda, Union Bank of India, Canara Bank are up 2%, State Bank of India and Bank of India are up 1.4%. Private sector banks Kotak Bank, Axis Bank and ICICI Bank are marginally in the red.
Information Technology stocks are taking a mixed opening. Infosys, Satyam, Wipro and HCL are partially in the red while TCS is firm and is up 0.13%
Top Sensex gainers in the first few trades are State Bank of India, Grasim Industries, DLF, Hindustan Unilever, TCS, HDFC Bank, Wipro, NTPC, Tata Motors and BHEL.
Top Sensex losers in the first few trades are Bajaj Auto, M&M, ONGC, Hindalco, L&T, ITC, Reliance Energy, Reliance, Infosys and Ambuja Cements.
Entry Filed under: Equities, BSE, NSE, Opening trade
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