Sanity restored; Markets open flat after Monday's drubbing

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 Sanity restored; Markets open flat after Monday's drubbing
Markets opened the day flat, after the sell-off on Monday, taking cues from Asian markets which were trading flattish to negative. The BSE Sensex was trading higher by 39 points at 9.30 am, while the Nifty was a tad higher by 10 points.

Among the shares that gained today were Hindustan Unilever, which rose more than 3%, following spectacular results posted by the company. Shares of Maruti recovered lost ground after Monday's hammering and was trading higher by more than one per cent on hopes that the lock out at the Manesar plant would be resolved shortly. . Among the other gainers were Sterlite and GAIL.

Losers amongst the Sensex stocks were Wipro, Sun Pharma and SAIL. In fact, Wipro's muted revenue guidance disappointed the streets.

Meanwhile, in Asia stocks were trading mixed with Korea's Kospi and Taiwan's Taiwan Weighted trading lower, while Singapore's Straits Times was trading higher.

Markets are likely to await for cues from Europe and the indices movement would largely depend on market movements and cues from Europe.

GoodReturns.in

Read more about: sensex, nifty
Story first published: Tuesday, July 24, 2012, 9:54 [IST]
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