23 May 2011

Nifty below 5450

The Indian markets opened on a weak note ahead of expiry this week. Asian markets shed in the range of 1-2%. Rally in dollar and concerns over Greece debt were two culprits for gap down opening. Results announced during the weekend were reflecting in stocks like Rei Agro and MOIL.

share market, stocks market,sensex down
Banks, auto, metal and IT stocks were leading the bears from the front. All BSE Sectoral indices were trading in red barring FMCG.

At 09.21 hrs, the Sensex was down 156.91 points or 0.86% at 18169.18, and the Nifty was down 54.75 points or 1.00% at 5431.60. About 343 shares advanced, 600 shares declined, and 2699 shares remain unchanged.

Index heavyweight Reliance was trading at Rs 913.45 down 0.86% from its previous close of Rs 921.40. Refinery major HPCL was trading at Rs 357.60 down 0.91% from its previous close of Rs 360.90. Tech major Infosys was trading at Rs 2,843.90 down 0.23% from its previous close of Rs 2,850.55.

No comments:

Custom Search
Get