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Indian stock markets trading positive - May 8, 2007 - 10:24 AM

May 8th, 2007

The Indian Stock Markets opened positive this morning. Metal stocks are stealing the show. Earlier the US markets came out with a mixed bag. The Dow has hit a new high. The Asian markets are trading flat.

Nifty is at 4121.45 points - up 0.25%. CNX IT is down -0.53% while Bank Nifty is up 0.31%

Stocks that are topping the charts on the Nifty as of now include PNB, Hindalco, Tata Steel, National Aluminium, Dabur, SAIL, BPCL, Ranbaxy and Bajaj Auto. The losers list includes HCL Tech, Infosys Technologies, HDFC Bank, Tata Power, ITC, Wipro, Glaxo, BHEL, TCS and VSNL.

Sensex is up 38.83 points or 0.28%. Midcap index is up 0.45% while 0.23%. On the sectoral indices, metal stocks continue to steal the show. The Metal stock index is up 1.44% while most other indices are trading flat. The IT index is down -0.52%

Major gainers on the Sensex in the trades so far include Reliance Capital, Syndicate, Alok Industries, Mangalore Refineries, Bongaigaon Refineries, Parsvnath, Shipping Corporation, Sobha Developers, Hindalco and GMR Infra. On the losers list are Rashtriya Chemicals, Rolta India, Dredging Corporation, ISPAT Industries, HCL Technologies, Hexaware Ltd, Britania Industries, Geometric Software, HCL Infosys and EIH Limited.

Entry Filed under: Equity Markets, Opening trade