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Markets recover a bit; BSE IT, Auto indices in green

September 4th, 2008

Thursday, September 04, 2008 12:38:12 PM IST

The markets made a solid effort to recover. The BSE IT and Auto indices have now come into the green. Banking stocks, lead by ICICI Bank are buzzing.

The CNX Nifty is at 4457 levels and is down 1.03%. The CNX IT is now in green by 0.01% and Bank Nifty recovered though it is down at 0.53% at the moment.

Gainers on the Nifty include GAIL (up 3%), Hero Honda, Maruti, Dr Reddy (all up over 2%), Ambuja Cement, Tata Power, Tata Communications, Cairn, HCL Tech and ICICI Bank (all in the green over 1%)

Nifty losers list is lead by Sterlite (down over 4%), SAIL, Unitech, ABB, ONGC, HDFC, HDFC Bank, National Aluminium, Reliance and Power Grid (all down over 2%). ONGC confirmed that it has no plans to list its overseas venture at the moment.

1 U.S. dollar = 44.2203 Indian Rupees
1 U.S. dollar = 108.0730 Japanese Yens
1 U.S. dollar = 0.6905 Euros
1 Ounce Gold = $806.10
1 Barrel Crude Oil = $109.02

Entry Filed under: Equity Markets