Markets opens flat, NSE hold 5K levels
September 23rd, 2009
The Indian stock markets are trading flat this morning. The good thing is that the NSE is still holding the critical 5000-level. In fact, market analysts have put 4990 as the base from where value-based stock picking can be made by investors.
Nifty is at 5015.90 down 0.09%. IT stocks look weak. MPhasis, Polaris, HCL Tech, TCS, Infosys, Mindtree, Rola are trading in the red. Sterlite is up 2.4%. Ranbaxy, ABB, Axis Bank, DLF, Cairn, ITC, Tata Steel, PNB and Siemens are leading the Nifty charts. On the losing side are Suzlon that had the news of promoters selling a part of their holdings. The other losers include Bharti Airtel, L&T, Wipro and Reliance Capital
Entry Filed under: Equity Markets, NSE, Opening trade
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