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Flat opening for markets. HPCL up by 5.6%

Markets have seen a flat opening, amidst moderate cues from the Asian markets. Many stocks have seen trades in the red in the early trade.

At 10:05 AM, the Nifty is holding absolutely flat at 5505.

All the major infrastructure names are in the red. LT is down by 0.9%. JP Associates is down by 1.8%. Punj lloyd is down by 0.5%. IVRCL Infra is down by nearly 4%.

Cement stocks are also trading in the red. Ambuja cements is down by 1%. ACC is down by over 1.5%.

Sterlite, from the metal space, is down by 3%. SAIL is down by 0.7%. Tata steel and Hindalco are however holding in the green with moderate gains.

Auto majors are also in the red. Maruti is down by 1.7%. Hero motors (HEROMOTOCO) is down by 1.7%.

Hindustan Petroleum (HINDPETRO) is up by 5.2%.



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