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Nifty opens quiet. Metals open soft

Markets have opened soft in the wake of weak cues from the Asian markets. Some of the stocks from the metal sector have given up in the early trade. The broader market also has opened flat.

The Nifty opened at 5343, down by 24 pts or -0.32%.

Hindalco ahead of its quarterly numbers is down by 3%. Tata steel is down by 1.3%. Sesagoa has also opened down.

IT giants Infosys & Wipro have also opened in the red.

Telecom major Bharti continues to trade down by 1%. The stock was beaten down in yesterday’s trade.
ACC has opened down. JPAssociates is also down by 1%.

On the winning side, Cairn is up by 1.8%. Powergrid has opened up by 1.8% gains. Bajaj Auto is up by 0.8%.

The trades have opened quiet even in the midcap segment. The CNX Midcap Index is down by 0.7%.

Thomas Cook (THOMASCOOK) is up by 10%. HMT Limited is up by 5%. Gammon Infra (GAMMNINFRA) is up by 8%. Manappuram Gen Finjance is up by 3%. Essar Ship (ESSARSHPNG) is up by 7.7%. Jubilant Foodworks (JUBLFOOD) is up by 2.5%. Orchid Chemicals down by 2.7%.



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