Markets open positive as Sensex zooms above 700 points
January 25th, 2008
Value based buying is taking the Indian markets to new levels as stocks are gaining strength as trade is progressing. Bank, Oil & Gas and Realty is getting good buying interest.
Nifty is at 5268 levels and is up 4.6%. Almost all sectoral indices are up by about 3 to 4 %. CNX IT is up about 3.6%. Wipro and Polaris that have seen some heavy selling in the last few trading session is back on steroids. Both the scripts are up by 5%. Financial Tech is finding support at Rs. 2100 levels.
Banking stocks are trading good. Bank of Baroda and Axis Bank are up 8%. ICICI Bank and Union Bank are up 7%. SBI is at Rs. 2435.
Overall the markets are pretty good in the green territory. Need to see are more volumes build up. GMR numbers are the most watched thing today.
Entry Filed under: Equity Markets, BSE, NSE, Opening trade
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