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Quiet trade to consolidate. Telecom cools off

Markets have seen a cooling off, consolidating trade today, after yesterday’s run. Stocks from telecom, auto and infrastructure spaces have corrected.

At 10:02 AM, the Nifty is at 5681, up by 1 point or 0.03%

RCOM, which had a phenomenal run yesterday, has cooled off by shedding 2.8% gains. Bharti has seen a cut of 0.9% from yesterday’s close.

PNB has come down by 0.4%. Ambuja cements is down by 0.5%. IDFC has seen a decline of 0.7%.

NTPC, BHEL, Powergrid and GAIL – have however continued to extend their gains.


 

 

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