The Nifty was flat in opening trade today, with a modest cut after sharp spike up seen in previous session on short covering. Overall it was into consolidation mode. The index was trying very hard to hold the 5500 level.
Among frontliners, Wipro, DLF, ACC, Cipla (ahead of numbers), L&T, SBI, ICICI Bank, M&M, Hero Honda, NTPC and Jaiprakash Associates were witnessing selling pressure.
However, ITC, Reliance Power, Suzlon Energy (ahead of number), Hindalco, Tata Power, Maruti, SAIL, IDFC and Tata Steel were gainers in early trade.
At 9:16 hours IST, the 50-share NSE Nifty was trading at 5,515, down 12 points and the 30-share BSE Sensex was at 18,392, down 56 points. The CNX Midcap was flat at 7,846.
Among frontliners, Wipro, DLF, ACC, Cipla (ahead of numbers), L&T, SBI, ICICI Bank, M&M, Hero Honda, NTPC and Jaiprakash Associates were witnessing selling pressure.
However, ITC, Reliance Power, Suzlon Energy (ahead of number), Hindalco, Tata Power, Maruti, SAIL, IDFC and Tata Steel were gainers in early trade.
At 9:16 hours IST, the 50-share NSE Nifty was trading at 5,515, down 12 points and the 30-share BSE Sensex was at 18,392, down 56 points. The CNX Midcap was flat at 7,846.
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