GetPaidIndia.com

Power stocks take plunge; Bullish opening for Indian markets

September 8th, 2008

Monday, September 08, 2008 10:28:22 AM IST

Positive developments on the nuclear deal has lead power stocks and construction companies a plunge today. Nifty is up 3.5% and is trading at 4506 levels. BSE is trading at 15026 levels, up 542 points or 3.75%. BSE Power Index is up 5.25%

CNX IT is up 2.73%. Bank Nifty is up 4.88%. NTPC (up 7%), ICICI Bank, Relaince Infra, BHEL (all up over 6%), L&T, Power Grid (both up over 5%), DLF, HCL Tech, HDFC and SBI (all up over 4%) are topping the charts. On the downside are BPCL (down over 2.82%) and Ranbaxy (marginally in the red). Both the stocks had a bullish run over the last few days and are now sort of cooling a bit.

The BSE Midcap index is up 2.03% while the BSE Smallcap index is up 1.70%. The BSE100, BSE200 and BSE500 are all up over 3%.

All BSE Sectoral indices are in the green. Lead by Power index (up 5.3%), Capital Goods, Banksex and Realty (all up over 4%)

1 U.S. dollar = 44.4444 Indian Rupees
1 U.S. dollar = 108.1899 Japanese Yens
1 U.S. dollar = 0.6949 Euros
1 Ounce Gold = $814.00
1 Barrel Crude Oil = $108.80

Entry Filed under: Equity Markets, Opening trade, Power