Markets still weak
The markets opened weak and the BSE sensex slipped below the psychologically-important 13,000 mark, following closely the trend of weak global markets.The unwinding of positions in the derivatives segment ahead of the expiry of March 2007 derivatives contracts on Thursday (29 March 2007) may pull the market lower, and on the other hand, short covering may spark a rally.
At 12.10 pm the sensex is trading 197 points down at 12926,while the Nifty 50 index is trading 52 points down at 3767.
Today is the last day of trading for the current financial year 2007. Trades executed from tomorrow will be considered for the financial year 2008.
Index heavyweight Reliance Industries (RIL) was down 0.51% to Rs 1359.IT major Wipro was the top loser, down 4% to Rs 562.90.Other frontline IT shares also looked weak, as the dollar fell below 43.15 versus the Rupee, its lowest since June 1999. Satyam Computers (down 3.30% to Rs 456.75), Infosys (down 2% to Rs 2016), and TCS (down 2.10% to Rs 1235) declined.
At 12.10 pm the sensex is trading 197 points down at 12926,while the Nifty 50 index is trading 52 points down at 3767.
Today is the last day of trading for the current financial year 2007. Trades executed from tomorrow will be considered for the financial year 2008.
Index heavyweight Reliance Industries (RIL) was down 0.51% to Rs 1359.IT major Wipro was the top loser, down 4% to Rs 562.90.Other frontline IT shares also looked weak, as the dollar fell below 43.15 versus the Rupee, its lowest since June 1999. Satyam Computers (down 3.30% to Rs 456.75), Infosys (down 2% to Rs 2016), and TCS (down 2.10% to Rs 1235) declined.
Labels: Nifty.Sensex
posted by SY at 12:05 PM
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