For Quick Alerts
For Daily Alerts

Markets open marginally higher; IT stocks rally

 Markets open marginally higher; IT stocks rally
Markets opened the day marginally higher in trade despite weak Asian cues. The Sensex was trading higher by 41 points, while the Nifty rallied 11 points in early trade.

Software stocks were in the limelight after Cognizant reported better then expected numbers. Infosys, TCS and Wipro all gained in early trade.

PSU banking stocks continued to rally once again in trade with Syndicate Bank, Andhra Bank, Indian Overseas Bank and IDBI Bank among the gainers.

Nifty stocks that rallied in trade today were BPCL, DLF, Cipla and Maruti. On the other hand Nifty stocks that lost ground were Bajaj Auto, Punjab National Bank, Tata Steel and Sun Pharma.

Bharti Airtel lost ground in early trade after reports that the CEO Manoj Kohli had sold some shares in the company.

Bharat Heavy was trading marginally weak ahead of its results to be declared later today.

Heavyweight, ITC was trading lower, while Reliance Industries was trading higher for a second day in a row.

The Mid Cap index was trading with gains once again today with stocks like JSW Energy, Jain Irrigation and Unitech among the early gainers.

Meanwhile, Asian markets were trading flat to negative following better then expected US economic data.

Story first published: Wednesday, November 6, 2013, 9:29 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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