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Soft opening for markets.

Markets opened on a soft note this morning, following cues from global markets. The Sensex opened down 50-odd points at 16,435. The index is now down 36 points at 16,446. Nifty is down nine points at 4,927.

Most of the sectoral indices were in red with the BSE metal and Oil & gas indices slipping 0.6% each. The FMCG index is trying to stay in green. The IT index has moved up to 5,619.

Maruti Suzuki gained 1.4% at Rs 976 on news that the company’s Manesar plant will run at full capacity by January 2012. Hindustan Unilever from the FMCG pack added 1% to Rs 395. Tata Motors advanced 1% to Rs 185 as sales jumped 40.64% at 76,823 units.

Infosys, Tata Power, HDFC Bank and ICICI Bank advanced marginally as well.

Meanwhile, ONGC slipped 1% to Rs 263. Bajaj Auto, Coal India, Sterlite and Hindalco shed around 1% each.

Hero MotoCorp slipped 0.7% at Rs 2,074 in spite of the company registering a jump of 27.39 per cent in sales during November 2011 on y-o-y basis.

ACC that reported an over five per cent increase in sales for the month of November at 1.83 million tonnes. The stock gained 0.5% at Rs 1,177.



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