Markets opens flat; Infosys rallies

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Markets opens flat; Infosys rallies
Markets opened the day steady, after rallying for eight successive days in a row, following reforms measures and a series of positive announcements across the globe. The Sensex was trading marginally higher by 22 points at 9.30 am IST, while the Nifty gained 2 points at 5611 points.

Among the shares that rallied in trade today were Infosys, Bhel, Bharti Airtel and BPCL. Among the shares that lost ground from the index stocks in early trade were TCS, which continued to grind lower for the second successive day, Jaiprakash Associates and Wipro.

Shares of aviation companies were trading mixed with Kingfisher Airlines trading higher by 5% and SpiceJet dropping marginally.

Shares of retail companies which were in the limelight following the announcement of FDI in multibrand retail were also trading mixed with Pantaloon Retail marginally down, while Provogue and Trent were trading higher.

Banking stocks saw some profit booking with ICICI Bank, Axis Bank and State Bank of India shedding gains after Monday's spectacular rally.

Shares of heavyweight Reliance Industries was trading little unchanged over Monday's levels.

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Read more about: sensex, nifty
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