07 June 2011

Nifty volatile

Indian equity benchmarks slipped marginally in the opening trade amid volatility, could be tracking weak US cues. But overall it has been in a consolidation mode since yesterday. The Nifty still holds the 5500 mark.

Among frontliners, Maruti Suzuki, Jaiprakash Associates, ONGC, Bajaj Auto, M&M, Axis Bank, ICICI Bank, HDFC, IDFC, NTPC, L&T, HUL and ITC were pulling the markets down. However, Infosys, Bharti Airtel, Cipla, Ranbaxy Labs, Reliance Infrastructure, Dr Reddy's Labs were supporting the markets.

At 9:18 hours IST, the 50-share NSE Nifty was trading at 5,513, down 19 points and the 30-share BSE Sensex fell 54 points to 18,365.

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