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Mkts trade higher; realty, metal, power, pharma up Midcap and small cap stocks are supportive to market breadth. Mumbai:Markets have opened lower on the back of profit booking after Wednesdays positive run up and weak Asian cues. Selling is seen in banking, capital goods, power, technology and realty stocks. Nifty is trading below 4400. At 9:56 am, the Sensex fell 108 points at 14,570 and Nifty down 33 points at 4,382. CNX Midcap lost 18 points at 5,745. Amongst frontliners, DLF, Unitech, HDFC, JP Associates, Reliance Infra, GAIL, HCL Tech, NTPC, Reliance, ICICI Bank and SBI have lost ground. Tata Motors gained nearly 4% after the company has revised raising long term capital due to capital market conditions. Crude oil is trading near $ 116 per barrel in a volatile session on the NYMEX. Crude inventories rose by largest... [read full story]
