The markets opened on a quiet note, after three day rally and were trading with some volatility. Both the indices were hovering near to their previous closing values. Select technology, infrastructure stocks and Reliance Industries were under pressure. However, select banking and FMCG stocks were up.
The markets opened on a quiet note, after three day rally and were trading with some volatility. Both the indices were hovering near to their previous closing values. Select technology, infrastructure stocks and Reliance Industries were under pressure. However, select banking and FMCG stocks were up.
At 9:56 am, the Sensex was trading at 8,905, down 38 points and the Nifty was trading at 2,771, down 5.5 points. However, CNX Midcap went up just 0.25%, to 3,154.
Among frontliners, Tata Motors, Reliance Communication, BHEL, HDFC, TCS, Tata Communication, L&T, Hindalco, Infosys, Tata Power, Reliance Power and Reliance Industries were losers.
However, Tata Steel, HCL Technologies, Unitech, Zee Entertainment, HDFC Bank, M&M, ABB, HUL, ICICI Bank and ITC gained.
Midcap Space
Everonn Systems continued its rally today as well, jumped another 10%, after ended over 40% higher.
Akruti City, TV Today, Balaji Telefilms and ICSA India were up 5-8.5%.
MTNL was up 5%, as there were reports that the company is looking to hive off realty and tower business into separate company to raise funds.
Mercator Lines shot up 4.5%, as the company is going to buy 2 dredgers with investment of around $110 million.
Jagatjit Industries was locked at 20% upper circuit, as there were reports that their long drawn sibling rivalry nearing an end. Kalwajit will buy other two brother's 12% stake for Rs 73 crore.
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