Indian equity benchmarks were quiet in opening trade despite spike in crude oil prices, tracking mixed global cues. It seems that markets have discounted rising oil prices due to tensions in Middle East & North Africa.
Among frontliners, Ranbaxy Labs, ICICI Bank, Cipla, Ranbaxy Labs, Sun Pharma, SAIL, Sterlite Industries, Hero Honda, Kotak Mahindra Bank and Bharti Airtel were witnessing buying interest.
However, BPCL, TCS, ONGC, Reliance Industries, Tata Motors, ITC, Wipro, SBI, L&T, Maruti Suzuki, M&M and Axis Bank were under selling pressure in early trade.
At 9:18 hours IST, the 50-share NSE Nifty fell just 3 points to 5,410 and the 30-share BSE Sensex declined 12 points to 17,976.
About 485 shares advanced as against 321 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Shree Renuka Sugars, Bajaj Hindusthan and Balrampur Chini shot up 2-3%. Triveni Engg, Saikshti Oudh Sugar 7-11%
Global cues:
Asian markets were mixed in trade. Shanghai, Straits Times, Kospi and Taiwan Weighted were up 0.2-0.8%.
However, BPCL, TCS, ONGC, Reliance Industries, Tata Motors, ITC, Wipro, SBI, L&T, Maruti Suzuki, M&M and Axis Bank were under selling pressure in early trade.
At 9:18 hours IST, the 50-share NSE Nifty fell just 3 points to 5,410 and the 30-share BSE Sensex declined 12 points to 17,976.
About 485 shares advanced as against 321 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Shree Renuka Sugars, Bajaj Hindusthan and Balrampur Chini shot up 2-3%. Triveni Engg, Saikshti Oudh Sugar 7-11%
Global cues:
Asian markets were mixed in trade. Shanghai, Straits Times, Kospi and Taiwan Weighted were up 0.2-0.8%.
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