Flat opening for the markets
Shrikant / 11 Jan 2012
The Indian markets opened on a flat note today. The BSE Sensex is currently trading 25 points up and the Nifty is trading with marginal 5 point gains from yesterday's closing value.
After yesterday’s robust performance, the Indian markets opened on a flat note today. The BSE Sensex is currently trading 25 points up from yesterday's closing. The 50-stock Nifty is trading with marginal 5 point gains from yesterday's closing value.
The other Asian markets are currently showing a mixed trend. Shanghai is down by 9 points, while the Hang Seng and Nikkei are seen in the green.
Overnight, the US markets closed on a flat note, while the European markets closed in green.
| Benchmark Indices | ||
| Index | Rate | % Change |
| Hang Seng | 19,020.85 | 0.09% |
| Nikkei | 8,441.98 | 0.23% |
| Shanghai | 2,276.15 | -0.42% |
| SENSEX | 16,190.34 | 0.16% |
| NIFTY | 4,855.20 | 0.12% |
Among the sectoral indices, the Realty index has gained 1.48%. CD and Metals have surged by over 1%. IT, Teck, Bankex, Auto and Power are seen in the green zone, while the other indices are taking a marginal hit at this moment.
14 of the 30 Sensex stocks have gained so far. Hindalco Industries, Sterlite industries and DLF have gained over 3% each. Hero MotoCorp has gained more than 2%, while Bajaj Auto and ICICI Bank are up by 1% or more. On the other hand, Mahindra & Mahindra and Jindal Steel are seen trading in the red, with negative 1% returns.
The shares of Pantaloon Retail, Dish TV India, Sintex Industries, Wockhardt, Adani Power and Jet Air India have gained over 4% so far.
In the corporate announcements, Suzlon Group has won a 24 MW order in Brazil, and the scrip is up by more than 2%. Shubh Jewellers has announced record retail sales during the Diwali and Christmas season, and has also introduced 2000 new designs as part of its collection for the forthcoming wedding season. The scrip, however, is flat at the moment.
The market breadth, which indicates the overall health of the market, is flattish to positive. Out of a total of 2490 stocks traded, 1755 stocks advanced, while 665 stocks declined. 70 stocks remained unchanged.
We expect markets to remain volatile for the whole day.
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