Sensex opens in green; Wipro down 8% ahead of demerger record date
After yesterday's close in the red, the stock markets held up and opened in the green with marginal gains, mostly tracking global cues. Sensex opened at 18505.12, up 0.37 percent and the Nifty opened at 5576.30, down 0.60 percent.
After yesterday's close in the red, the stock markets held up and opened in the green with marginal gains, mostly tracking global cues.
Sensex opened at 18505.12, up 0.37 percent and the Nifty opened at 5576.30, down 0.60 percent.
The yen fell to new multi-year lows on Tuesday, pressured by the Bank of Japan's aggressive reflationary campaign, while Asian equities looked for support from a solid start to the US quarterly earnings season.
Investments in equities by companies during the month fell sharply to $217.43 million from $290.87 million in February, while loans fell to $201.87 million from $258.53 million, the data showed.
India Inc is expected to post its worst ever quarterly earnings growth in the last quarter of fiscal 2013 since the end of the global financial crisis, mainly due to lack of demand in the economy, the slowdown in government spending, a Times of India report said quoting analysts.
Stocks in news
Bharti Airtel opened down 1.21 percent after the Supreme Court of India has deferred a decision on whether Bharti Airtel's chairman can be summoned in a case over alleged corruption in allocating mobile phone bandwidth, lawyers said on Monday.
Kingfisher Airlines opened down 2 percent after Delhi HC asked DGCA to deregister 2 planes leased out to KFA lying at Istanbul
Wipro opened down 8 percent as April 11, 2013, has been fixed as the record date for the demerger, which is effective March 31, 2013.
Shriram Transport Finance opened down 0.93 percent after reports that the company plans to raise Rs 1000 crore via NCD issue.
Another flat start for Indian markets today with the expiry of October F&O series slated today
The Indian equity markets opened in the green tracking global positive cues.
The Indian equity markets opened with slight gains after Christmas as it looked like it was consolidating around the current levels.