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Marginal recovery in markets. Rupee at 52.44

Markets have seen marginal gains in the trades, after witnessing carnage in the past trading sessions. Stocks from banking, financial and infrastructure sectors have seen some amount of buyings. The rupee however has continued to drift down against the US dollar, and has hit an all time low of 52.44.

At 10:06 AM, the Nifty is at 4810, up by 32 pts or +0.68%.

The CNX Bank Nifty has rose by 0.6%. ICICI Bank is up by 0.8% at 741.55. SBI is up by 0.8%. PNB is up by 1.2%.

Hindalco, from the meta sector, has seen a rise of over 2%. Sterlite is
also up by 0.8%. Tata steel is also up by 0.8%. SAIL is up by 1.6%.

The depreciating rupee has not helped the IT stocks much. Infy is up by 0.8%, while TCS is trading with 0.3% cuts.

Bharti, has however lost over 1.7%. Ambuja cements is also down by 2%. GAIL is down by 1.3%.



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