Markets marginally in red – Opening time – October 30, 2007
October 30th, 2007
Tuesday and Wednesday are considered to be two important days for the markets considering that there are two announcements that are expected to tell the direction the markets will take in the next few trading sessions. On Tuesday, the Reserve Bank of India (RBI) is about make its announcements on the credit policy while on Wednesday, an announcements from the Fed is expected.
The Indian markets opened marginally in the red. Banking stocks are witnessing selling pressure while the other big weights are continuing to stay green. The Reliance pack is in green. ABB, Bajaj Hindustan, Bank of India, Canara Bank are trading good. ACC, Ambuja Cements and other cement stocks are in the red.
Entry Filed under: Equity Markets, Opening trade
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