Home / Market Beat / Markets shed early gains. ICICI Bank down. Strong global cues.

Markets shed early gains. ICICI Bank down. Strong global cues.

Markets have shed the early gains seen as a result of the short covering, after yesterday’s massive fall. The bourses opened in the green this morning. The Sensex opened up 75 points at 17,128. Nifty opened up 23 points at 5,207.

However at 10 AM, the Nifty has come down to 5195, up by 11 points or 0.22%.

Most of the Asian markets are trading strongly with good gains. Earlier, the US Markets closed with strong gains on Monday. This has helped to lift the mood in the Asian peers.

BSE realty index has gained 2% at 1,759. Metal, consumer durables, FMCG and power shares are also in the green – up about a per cent each.

Hindustan Unilever from the FMCG space has gained 2.7% at Rs 413. Sterlite, Tata Steel and Hindalco have gained 1-2% each. DLF, Cipla, Hero MotoCorp and Bharti AIrtel are some of the other gainers.

ICICI Bank has dropped 1% at Rs 862.

Maruti, from the Auto segment, has slipped into deep red with over 2% cuts, as the Maharashtra govt. announced a hike in the petrol & diesel cars sold in the state.

Reliance Infrastructure rose 1.5%. Unitech, S Kumars Nationwide, Punj Lloyd, Lanco Infratech, Voltas, HDIL and Indiabulls Real were up 2.5-3.6%.


 

 

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