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Markets open weak, Rupee appreciates to 45 a dollar mark

September 10th, 2008

Wednesday, September 10, 2008 11:02:11 AM IST

The Indian stock markets had a weak opening and trading flat. Meanwhile the Indian Rupee is seen appreciating and has even touched the Rs. 45.04 mark this morning.

The CNX Nifty is at 4438 levels and is down 0.68%. CNX IT is up marginally a 0.31%. Bank Nifty is down 0.91%. CNX 100 is down 0.61% while the broder CNX 500 is down 0.54%

Top Nifty gainers in the early hour of trade include Zee Limited (up 3%), GAIL (up over 2%), DLF, ACC (both up over 1%), Grasim, Ranbaxy, Hero Honda, IDEA, HCL Tech and National Aluminium (all up marginally)

On the down side of Nifty is Sterlite. The script is batted down once again today after news of its trifurcation. Sterlite is down 8.4% on the Nifty and is trading at 526.9 levels. Other losers so far include BPCL (down over 3%), SAIL, ICICI Bank (both down over 2%), PNB, ABB, Tata Steel, Reliance, Siemens, HDFC Bank (all down over 1%)

The BSE Sensex is down 112.86 points and is trading at 14787 levels. BSE Midcap index is marginally down while BSE Smallcap index is marginally up. BSE Metal index is down over 2.3% followed by Bankex which is down by 1.17%. Realty, IT and Consumer Durables indices are marginally in the green.

1 U.S. dollar = 44.7307 Indian Rupees
1 U.S. dollar = 106.8947 Japanese Yens
1 U.S. dollar = 0.7063 Euros
1 Ounce Gold = $775.80
1 Barrel Crude Oil = $103.82

Entry Filed under: Equity Markets, Opening trade