Home / Market Beat / Markets slide down. Aviation stocks move up.

Markets slide down. Aviation stocks move up.

The markets witnessed a weak opening today tracking global cues. The BSE Sensex is currently at 17,104, down 140 points and the Nifty is at 5,196, down 48 points.

airline

BSE Metal, Capital Goods and Bankex indices, down 1-2% each, are leading the losses.

Sesa Goa, Sterlite Industries, Jindal Steel & Power, down 2% each, are the prominent losers from the Metals’ space.

BEML, Punj Lloyd and Siemens, down 1-3% each, are the major losers from among the Capital Goods’ stocks.

Sterlite Industries has shed 2.2% at Rs 102 and is the top loser on the Sensex. Other prominent losers include Jindal Steel, Tata Steel, SBI and ICICI Bank, down 1-2% each.

Cipla and Tata Motors, up 1% each, are the only gainers from the pack. Tata Power is up marginally.

Shares of aviation companies like Jet Airways (India), Kingfisher Airlines and SpiceJet have rallied more than 5% each in opening trades in a hope that the government will allow foreign airlines to pick up stake in the domestic carriers.


 

 

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