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Markets open weak, trading flat

August 22nd, 2008

Friday, August 22, 2008 10:39:56 AM

The Indian stock markets opened the day on the lower side, went on a side-wide movement and are now back to the opening levels.

The Nifty is at 4285 up 0.03%. CNX IT is down 0.04% while Bank Nifty is up 1.03%. The Sensex is at 14262 levels up 19.16 points or 0.13%. The BSE Midcap index is up 0.07% while the BSE Smallcap index is up -0.12%. Metal stocks are gaining while PSU, Realty, Power, Capital Goods and FMCG are marginally on the lower side.

Top Nifty gainers so far include Hindalco (up 3.5%), Sterlite Industries (up 2.5%), Cairn, National Aluminium, Reliance Communications, SAIL, Tata Motors, Tata Steel (all up over 1%), Reliance Petrol and Infosys (marginally in the green)

The Nifty losers pack include BPCL (down 4.3%), Suzlon (down 2%), ONGC, NTPC, BHEL, Grasim, GAIL, Power Grid, Unitech and Maruti (all down over 1%)

1 U.S. dollar = 43.3895952 Indian rupees
1 U.S. dollar = 108.483402 Japanese yen
1 U.S. dollar = 0.672675905 Euros
Gold (1 Ounce) = $835.50
Crude Oil (1 Barrel) = $121.32

Entry Filed under: Equity Markets