GetPaidIndia.com

Markets in red awaiting a clear direction

September 4th, 2008

Thursday, September 04, 2008 10:25:31 AM IST

The Indian stock markets opened their in the red cooling from the bull rally on Tuesday. NSE Nifty is down 1.84% at 4421. The BSE Sensex is down 251 points at 147980.

CNX IT is marginaly in the red - down by 0.09% while Bank Nifty is down 2.61%. Top losers on the Nifty are Sterlite, Unitech, Reliance Infra (all down over 4%), SAIL, HDFC, HDFC Bank, DLF, Ranbaxy (all down over 3%), National Aluminium and BPCL (both down over 2%). On the green side are GAIL (up over 2%), Cairn (marginally up by 1%) and Grasim, Dr Reddy, Satyam, TCS and M&M (all marginally up).

BSE Midcap and Smallcap indices are marginally in the red. Realty index is down over 3.3%, Bankex and Power (both down over 2%). Marginally green at the moment is the IT index.

1 U.S. dollar = 43.9502 Indian Rupees
1 U.S. dollar = 108.0730 Japanese Yens
1 U.S. dollar = 0.6905 Euros
1 Ounce Gold = $803.20
1 Barrel Crude Oil = $109.47

Entry Filed under: Equity Markets, Opening trade