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Markets trade flat. Nifty below 7650

Markets high

Markets have been trading flat, with some stock specific actions in the index heavy weights being seen. Some of the banking stocks have seen recovery from yesterday’s correction.

The Nifty has slid down to 7633, up by 6 points. The BSE Sensex has been trading with 70 points up at 25541.

IT major Infy is in the news, as Vishal Sikka has been named as the CEO & MD of the company. The stock witnessed action in yesterday’s trade, with the counter witnessing 5% gains.

Another major stock seeing action in today’s trade is Bharti Airtel. The stock has been beaten down, as there have been reports that Credit Suisse has downgraded the stock to underperform. The stock is down by 3% at 345.

Stocks on the rise include Hindalco – which is up by 2.7%, ONGC – up by 2.5% and HDFC which is also up by 1.8%.

Cipla, Tata Power and Sun Pharma have also seen gains of over 1%.

However some of the banking counters have slipped into the red. Axis Bank, ICICI Bank and Indus Ind Bank have slipped into the red.


 

 

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