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Marginal downside opening following Friday bull run

September 1st, 2008

Monday, September 01, 2008 10:31:37 AM IST

The friday bullrun has put a small break as the markets opened this morning marginally in the red. Nifty is at 4319 down 0.94% while Sensex is at 14412 down 0.95%. Consumer Durables, Oil & Gas, IT and Health Care are in the green while Banks, Power and PSU are in the red.

The CNX IT is up 0.22% as INR is picking up over USD. Bank Nifty is down 1.87%. Top Nifty gainers so far include Dr. Reddy, Hero Honda, HCL Tech (all up over 1%), Cairn, Reliance, Hindalco, Satyam, Sun Pharma, RPL and ACC (marginally in the green)

On the downside are Tata Communications, Tata Motors, BPCL, HDFC, Bharti Aritel, ICICI Bank and Maruti (all down over 2%). Ranbaxy, SBI and NTPC are down over 1.8%

1 U.S. dollar = 43.7407 Indian Rupees
1 U.S. dollar = 108.2368 Japanese Yens
1 U.S. dollar = 0.6838 Euros
1 Ounce Gold = $830.60
1 Barrel Crude Oil = $116.38

Entry Filed under: Equity Markets, Opening trade