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Markets move marginally up. Cairn India gains 2%

Markets have seen upward momentum, after witnessing a sharp fall yesterday, in the backdrop of US Fed tapering announcement.

Although the European markets closed strongly in the green yesterday, Indian markets have seen trades marginally in the green today.

Markets Quiet Trades

Cairn India has moved up to the top gainer on the Nifty. The stock has gained over 2% to trade at 324.55.

IT stocks have also extended the rally. Wipro, which had not seen stellar gains in the previous sessions, has seen a surge of 2.2% in today’s trade. TCS has managed to further gain 1.3% to trade at 2119. Infy is up by 0.6%.

Bank of Baroda has gained 1.9%. Ranbaxy Labs has gained 1.7%, while ONGC has gained 1.6%.

On the losing side, pharma major Sun Pharma is down by 1.8% at 572.35. Grasim industries has also lost for the second consecutive day with 1.5% losses. Larsen & Toubro and Sesa Sterlite have also lost from yesterday’s close. IDFC has lost 1%.



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