For Quick Alerts
For Daily Alerts

    Markets open slightly lower; heavyweights drag

    Markets open slightly lower; heavyweights drag
    Markets opened the day marginally lower, dragged down by heavyweights including ONGC, Hindustan Unilever and Reliance Industries.

    The Sensex was trading lower by 41 points, while the Nifty was trading lower by 12 points at 9.30 am IST. Shares of Wipro gained more than 1% in trade today following reports of the de-merger of its lighting and consumer business.

    Banking stocks continued to remain subdued with State Bank of India, ICICI Bank and HDFC Bank all losing marginal ground. PSU banks were trading mixed with Allahabad Bank, State Bank of India and Punjab National Bank losing ground, while Canara Bank, IOB and Bank of India were trading with gains.

    Among the gainers from the Nifty stocks were Wipro, Tata Motors, Power Grid and Reliance Infra. Shares of FMCG companies that had rallied sharply continued to lose with HUL dropping more than 1%, while ITC lost 0.65%.

    Hindalco industries which had jumped more than 5% on Wednesday, was trading flat at Rs 116, while Maruti continued its upward momentum and gained 0.56%.

    Meanwhile, shares in Asia were trading mixed with Hong Kong's Hang Sang, Japanese Nikkei and the Chinese Shanghai Composite gaining, while the Singapore's Strait Times and Korean Kospi were trading with losses.

    Markets are expected to continue trading in a range and track global cues in the short term.

    Read more about: sensex nifty
    Story first published: Thursday, November 1, 2012, 9:35 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more