The Nifty slipped moderately in opening trade following fall in global markets on baggage of news. Indian benchmarks already saw a major fall yesterday, so they did not react too much to 2% crack in US markets on Thursday.
London Brent crude remained above USD 115 a barrel, which is headed for its first weekly decline in four weeks. There were reports that Saudi police was in the eastern city of Qatif - fired shots and stun grenades at several hundred protestors.
Reliance Communications, Reliance Power, Reliance Infrastructure, Jaiprakash Associates, Hindalco, SAIL, Sterlite, Tata Steel, IDFC, SBI, HDFC, HDFC Bank, BHEL, Tata Motors, M&M, Infosys, Ambuja Cements and Wipro were dragging the markets down.
Reliance Capital gained over 1% as Nippon Life is going to invest USD 720 million in Reliance Life, reports CNBC-TV18 quoting sources.
However, ITC, Bharti Airtel, Hero Honda and BPCL were on buyers' radar.
The 30-share BSE Sensex was trading at 18,251, down 77 points and the 50-share NSE Nifty fell 25 points to 5,469.
The CNX Midcap slipped 40 points to 7,620. About 248 shares advanced as against 589 shares declined on National Stock Exchange.
New listings
Sudar Garments was trading at Rs 84, up 17% over issue price of Rs 77 a share.
Fineotex Chemical was trading at Rs 88, up 26% over issue price of Rs 70 a share.
Listed yesterday - Acropetal Technologies was down by 7% at Rs 90.
Midcap & Smallcap space:
Unitech was down 1.5%. According to sources, TRAI recommendations suggested cancelation of 8 Uninor licenses in Assam, North-east, J&K, Haryana, MP, Punjab, HP and Rajasthan.
Tata Coffee fell 1% as Coffee futures tanked 5%.
3i Infotech was down 1.5% and Shree Renuka down 3%. Maxwell Industries lost 1.5%.
DB Realty rallied 5% as Maharashtra gave clean chit to former MD Shahid Balwa. Maharashtra Home Ministry filed affidavit in Delhi HC and affidavit said 'nothing adverse' was found against Balwa, reports CNBC-TV18 quoting sources.
Reliance Broadcast was up 3%. Gokaldas Exports gained 6%.
Reliance Communications, Reliance Power, Reliance Infrastructure, Jaiprakash Associates, Hindalco, SAIL, Sterlite, Tata Steel, IDFC, SBI, HDFC, HDFC Bank, BHEL, Tata Motors, M&M, Infosys, Ambuja Cements and Wipro were dragging the markets down.
Reliance Capital gained over 1% as Nippon Life is going to invest USD 720 million in Reliance Life, reports CNBC-TV18 quoting sources.
However, ITC, Bharti Airtel, Hero Honda and BPCL were on buyers' radar.
The 30-share BSE Sensex was trading at 18,251, down 77 points and the 50-share NSE Nifty fell 25 points to 5,469.
The CNX Midcap slipped 40 points to 7,620. About 248 shares advanced as against 589 shares declined on National Stock Exchange.
New listings
Sudar Garments was trading at Rs 84, up 17% over issue price of Rs 77 a share.
Fineotex Chemical was trading at Rs 88, up 26% over issue price of Rs 70 a share.
Listed yesterday - Acropetal Technologies was down by 7% at Rs 90.
Midcap & Smallcap space:
Unitech was down 1.5%. According to sources, TRAI recommendations suggested cancelation of 8 Uninor licenses in Assam, North-east, J&K, Haryana, MP, Punjab, HP and Rajasthan.
Tata Coffee fell 1% as Coffee futures tanked 5%.
3i Infotech was down 1.5% and Shree Renuka down 3%. Maxwell Industries lost 1.5%.
DB Realty rallied 5% as Maharashtra gave clean chit to former MD Shahid Balwa. Maharashtra Home Ministry filed affidavit in Delhi HC and affidavit said 'nothing adverse' was found against Balwa, reports CNBC-TV18 quoting sources.
Reliance Broadcast was up 3%. Gokaldas Exports gained 6%.
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