Markets flat amid firm Asian cues: Wipro up 2%

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    Markets flat amid firm Asian cues: Wipro up 2%
    Wipro: Quotes, News
    BSE 373.00BSE Quote6.95 (1.86%)
    NSE 372.20NSE Quote8.75 (2.35%)
    Indian markets were trading flat in early trade amid firm trend Asian markets. The Sensex was trading higher by 6 points, while the Nifty was trading lower by 2 points at 10.00 am IST.

    Nifty stocks that lost ground in early trade were Sesa Goa, IDFC, Cairn, Bharti Airtel and M&M.

    Among sectoral indices on BSE, Realty, Power IT, Auto and TECk were leading the rally.

    Shares in Wipro rallied after the company y announced that it has signed a definitive agreement to acquire 100% shareholding of the L.D. Waxsons Group, a Singaporebased Fast Moving Consumer Goods (FMCG) company for an all cash consideration of about USD 144 million.

    Meanwhile, markets in Asia were trading higher after the data from China and the United States that rekindled hopes of growth in the world's top two economies. Japan's Nikkei was up 21% at 9,547, while Hong Kong's Hang Seng was up 0.43% at 22,285.

    Markets have rallied substantially in the last couple of weeks, gaining ground largely on the back of liquidity inflows from foreign funds.

    Read more about: sensex nifty
    Story first published: Monday, December 10, 2012, 10:02 [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