Markets lacklustre
After a rally on tuesday 24 april the markets were down a bit in the opening trade.Today volatility is expected to remain high ahead of expiry of the April 2007 derivative contracts on Thursday (26 April 2007).At present the markets are trading weak due to selling pressure in IT stocks.
At 12.55 pm the sensex is trading 62 points down at 14073,while the Nifty index is 17 points down at 4123.
IT stocks are among top losers as the rupee slipped below Rs 41 level. However, the midcap and smallcap stocks have outperformed the frontline indices.Top gainers on the Sensex are Ranbaxy Labs up 2.25%, Tata Motors up 1.63% and ACC up 1.46%.Top losers on the Sensex are Satyam down 2.2%, Infosys down 2.1% and Tata Steel down 1.3%.Top losers on the Nifty are HCL Tech down 3.35% and Zee Entertain down 3.34%.
Index heavyweight Reliance was trading at Rs 1,571.50 down 0.57% from its previous close of Rs 1,580.45.Tech major Infosys was trading at Rs 2,017.00 down 2% from its previous close of Rs 2,058.15.Cigarette major ITC was trading at Rs 156.85 up 0.26% from its previous close of Rs 156.45.
At 12.55 pm the sensex is trading 62 points down at 14073,while the Nifty index is 17 points down at 4123.
IT stocks are among top losers as the rupee slipped below Rs 41 level. However, the midcap and smallcap stocks have outperformed the frontline indices.Top gainers on the Sensex are Ranbaxy Labs up 2.25%, Tata Motors up 1.63% and ACC up 1.46%.Top losers on the Sensex are Satyam down 2.2%, Infosys down 2.1% and Tata Steel down 1.3%.Top losers on the Nifty are HCL Tech down 3.35% and Zee Entertain down 3.34%.
Index heavyweight Reliance was trading at Rs 1,571.50 down 0.57% from its previous close of Rs 1,580.45.Tech major Infosys was trading at Rs 2,017.00 down 2% from its previous close of Rs 2,058.15.Cigarette major ITC was trading at Rs 156.85 up 0.26% from its previous close of Rs 156.45.
Labels: Nifty.Sensex
posted by SY at 12:51 PM
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