Nifty down 150 points, Sensex down 450 points - November 12, 2007
November 12th, 2007
The Indian markets, in line with the other Asian market peers had a choppy opening trade.
ICICI Bank , Hindalco, Reliance Energy, Bharti Airtel, Rcom, NTPC, Infosys opened down. BHEL, SBI are down by about 3%. Technology sector continued to show extreme weakness. Telecom sector too is touching few lows. RRL is at 145.
The selling pressure is seen across the board and in all indices. The overall downtrend is about 1.9 to 2.1% before few select stocks are bouncing back compared to the rest of Asia which is down by 3% to 4%.
Entry Filed under: Equity Markets, Opening trade
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