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Markets open flat.

Markets have opened on a flat note taking cues from overseas bourses, including the US stock market, which closed with losses on Friday. The Sensex is up 43 points at 17,791. Nifty is flat at 5,390.

Rate sensitives – BSE bankex and realty indices have dropped into the red. The realty index is down 2% in opening trades at 1,851. Bankex and capital goods indices have slipped 0.4% each.

Meanwhile, the healthcare index has added 0.8% at 6,401. OIl & gas and auto indices have added 0.7% each.

Sun Pharma has gained 2.3% at Rs 554. Coal India, ONGC and Reliance have added over 1% each. From the auto space, Mahindra & Mahindra, Hero MotoCorp and Bajaj Auto have advanced 1-2% each.

Meanwhile, DLF has slipped 3% to Rs 223. DLF is under pressure on account of a 45 per cent drop in the December quarter net. The company and its subsidiaries have received an additional tax notice of 1,137 crore for the 2009-10 assessment year. SBI, Bharti Airtel and Wipro have dropped around 1% each in trades.

Among individual stocks, Tata Power has slipped 1.5% to Rs 109 today on reporting a 40.7 per cent drop in consolidated the December quarter net profit.


 

 

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