Markets dip into red
The market had opened firm in green,but soon slipped in to red as selling began at higher level.There is a lot of confusion in the minds of investors about the markets right now.They just dont know what is going to happen next.
At 12 pm the sensex is trading 60 points down at 13225,while Nifty is trading 7 points down at 3853.
Auto counters were under pressure as crude oil rose to the highest in three months on news of Iran's detention of 15 British sailors and the UN's decision to tighten sanctions against the country, heightening concern that Middle East supplies may be disrupted.Crude oil for May delivery climbed as much as 51 cents, or 0.8%, to $62.79 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since 26 December 2007.
Tata Motors was the top-loser, down 3% to Rs 766.Maruti Udyog (MUL) lost 0.75% to Rs 833.HDFC Bank (down 2.42% to Rs 987.40), L&T (down 1.80% to Rs 1603) and HDFC (down 1.37% to Rs 1572.50) were the other losers.
At 12 pm the sensex is trading 60 points down at 13225,while Nifty is trading 7 points down at 3853.
Auto counters were under pressure as crude oil rose to the highest in three months on news of Iran's detention of 15 British sailors and the UN's decision to tighten sanctions against the country, heightening concern that Middle East supplies may be disrupted.Crude oil for May delivery climbed as much as 51 cents, or 0.8%, to $62.79 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since 26 December 2007.
Tata Motors was the top-loser, down 3% to Rs 766.Maruti Udyog (MUL) lost 0.75% to Rs 833.HDFC Bank (down 2.42% to Rs 987.40), L&T (down 1.80% to Rs 1603) and HDFC (down 1.37% to Rs 1572.50) were the other losers.
Labels: Nifty.Sensex
posted by SY at 11:34 AM
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