The markets today open lower on the back of terrorist attack in Mumbai. But suddenly the market turned choppy due to the expiry of the November 2008 derivate contracts today. The settlement of the November series was supposed to be expiring yesterday but it was been postponed due to the terror strike in Mumbai. The selective buying is seen among the IT and Oil & Gas stocks. However, the Pharma, Realty, Power, Capital Goods and Metal stocks are trading lower in the opening trade.
The BSE Sensex is now trading above the 9,000 mark and the NSE Nifty is trading above the 2,700 mark.
The Asian markets are also trading mixed as Hang Seng, Nikkei and Seoul Composite index are trading higher by (2.21%), (1.33%) and (1.60%) respectively. However, the Shanghai Composite, Straits Times and KLSE Composite index are trading lower by (1.24%), (0.69%) and (0.44%).
The US stock market was closed on Thursday for the observance of Thanksgiving holiday. Markets will reopen on Friday for a half day.
At 10.33AM, the BSE Sensex was down by 8.10 points at 9,018.62 and the Nifty was down by 9.85 points to 2,742.40.
The BSE Mid Cap decreased by 32.70 points to 2,844.68 and the BSE Small Cap slipped by 16.77 points to 3,298.12.
BSE IT index is trading higher by 24.71 points or (1%) to trade at 2,493.16. The top gainers are Tech Mahindra increased by (2.12%) to Rs.226.90, Patni Computer up by (1.12%) to Rs.126.50, Satyam Computer inclined by (0.97%) to Rs.239.15 followed by Infosys Technologies grew by (0.96%) to Rs. 1,198.65.
BSE Realty index is trading lower by 37.73 points or (2.39%) to trade at 1,538.54. The major losers are Ansal Infra declined by (4.73%) to Rs. 25.20, HDIL down by (2.99%) to Rs.74.70, Sobha Developers decreased by (2.87%) to Rs.86.20 followed by India Bull Real fell by (2.05%) to Rs.90.90.
The shares of major hotels plunged due to the terror attack in Mumbai, as terrorist attacked major Hotels like Taj and Oberoi. Indian Hotels fell 13% and EIH lost 7%. Taj GVK plunged 10%.
The BSE Sensex is now trading above the 9,000 mark and the NSE Nifty is trading above the 2,700 mark.
The Asian markets are also trading mixed as Hang Seng, Nikkei and Seoul Composite index are trading higher by (2.21%), (1.33%) and (1.60%) respectively. However, the Shanghai Composite, Straits Times and KLSE Composite index are trading lower by (1.24%), (0.69%) and (0.44%).
The US stock market was closed on Thursday for the observance of Thanksgiving holiday. Markets will reopen on Friday for a half day.
At 10.33AM, the BSE Sensex was down by 8.10 points at 9,018.62 and the Nifty was down by 9.85 points to 2,742.40.
The BSE Mid Cap decreased by 32.70 points to 2,844.68 and the BSE Small Cap slipped by 16.77 points to 3,298.12.
BSE IT index is trading higher by 24.71 points or (1%) to trade at 2,493.16. The top gainers are Tech Mahindra increased by (2.12%) to Rs.226.90, Patni Computer up by (1.12%) to Rs.126.50, Satyam Computer inclined by (0.97%) to Rs.239.15 followed by Infosys Technologies grew by (0.96%) to Rs. 1,198.65.
BSE Realty index is trading lower by 37.73 points or (2.39%) to trade at 1,538.54. The major losers are Ansal Infra declined by (4.73%) to Rs. 25.20, HDIL down by (2.99%) to Rs.74.70, Sobha Developers decreased by (2.87%) to Rs.86.20 followed by India Bull Real fell by (2.05%) to Rs.90.90.
The shares of major hotels plunged due to the terror attack in Mumbai, as terrorist attacked major Hotels like Taj and Oberoi. Indian Hotels fell 13% and EIH lost 7%. Taj GVK plunged 10%.
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