Tuesday, April 10, 2007

Markets swinging between red and green

The markets opened firm in the morning but then slipped into the red.The markets are trading with extreme volatility and swinging between red and green since opening today. Banking, IT and consumer durables indices are down whereas the metals, FMCG and auto index are holding up.

At 11.17 pm the Sensex is trading 43 points down at 13133 while Nifty index is trading 9 points down at 3834.20.

Cigarette major ITC was the top-gainer, up 1.71% to Rs 158.Tata Motors advanced 1.51% to Rs 714.Four block deals of 2.53 lakh shares were struck at an average Rs 708.37 per share.Gujarat Ambuja Cements (up 1.20%), REL (up 0.63%) and Tata Steel (up 0.73%) were the other gainers.

Index heavyweight Reliance Industries was down 0.40% to Rs 1378.50.Dr Reddy’s was the top-loser, down 1.46% to Rs 719.70.

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