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Markets trading flat; Reliance trading at 2136 levels

August 28th, 2008

Thursday, August 28, 2008 12:33:54 PM IST

The markets continue to trade in a range bound manner. Nifty is at 4281 down 0.25%. BSE Sensex is down by 46.76 points down at 14250. Reliance is trading at 2136 levels.

The CNX IT is down 0.11%. Bank Nifty is down 0.98%. CNX 100 is down 0.25% and the border CNX 500 is down 0.23%.

Chart toppers on NSE Nifty include Suzlon, ACC, Hero Honda, Bharti Airtel, Ambuja Cement, Ciarn, Tata Power, Sterlite, Cipla (All up over 1%)

Losers on Nifty include Hindalco, Dr. Reddy, DLF, HDFC Bank, BHEL, ICICI Bank, L&T, Reliance Communications, SBI, TCS (all down over 1%)

The BSE Midcap and Smallcap indices are down 0.36% and 0.32% respectively. Realty, Bankex, Capital Goods, PSU, Oil & Gas sectoral indices are down while Health Care, Auto, Consumer Durables are up.

Mukesh Ambani was in news yesterday for extending his support to the Tatas. Ambani was saying that the Tata Nano car is an innovative project that will extend India’s image globally and that India could become a hub for small cars.

Last Traded Price of select scripts:

Reliance: 2,136.00
Reliance Petro: 157.05
Reliance Natural Resources: 92.75
Tata Steel: 577.50
Tata Power: 1,026.00
Tata Motors: 423.90

1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.40
1 Barrel Crude Oil = $118.67

Entry Filed under: Equity Markets, Oil & Petro Chemicals