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Markets open in red; Largecap IT stocks shines

August 26th, 2008

Tuesday, August 26, 2008 11:20:45 AM IST

The Indian stock markets opened the day marginally in the red and are trading flat. The CNX Nifty is at 4294.95 having come down the 4300 levels once again. The index is down 0.93%. CNX IT is up 1.3% while Bank Nifty is down 0.85%

The BSE Sensex opened the day at 14,338.27 and is now at 14,328.94 down by 121.41 points or 0.84% The BSE Smallcap and the Midcap indeces are marginally in the red.

Realty, Oil & Gas, Metal are on the losing side while IT and Auto are on the upside.

Top Nifty gainers are dominated by IT scripts. Satyam is up 2.12% and is trading at Rs. 401.80 levels. HCL Techm Wipro, Infosys and TCS are all up over 1%. HDFC Bank is up 1%. Sun Pharma, National Aluminium, BHEL and Hindustan Unilever are marginally in the green.

Top Nifty losers in the early hour of trade include Suzlon (down over 4%), Zee Limited, Reliance, ABB, Tata Steel, M&M, ICICI Bank and Unitech (all down over 2%), Dr. Reddy and Sterlite (both down over 1.5%)

1 U.S. dollar = 43.6795667 Indian rupees
1 U.S. dollar = 109.134563 Japanese yen
1 U.S. dollar = 0.678104021 Euros
1 Ounce Gold = $818.30
I Barrel Crude Oil = $115.01

Entry Filed under: Equity Markets