Friday, October 26, 2007

Sebi's decision on P-notes.

The markets opened on flat note today after Sebi's decision on P-notes. Power, capital goods and oil & gas stocks were firm in the early trade today, however banking stocks were little subdued.

At 9:56 am, Sensex was up 52 points at 18823 and Nifty was up 28 points at 5592. Gainers in the opening trade were Rel Energy, Rel Petroleum, ONGC, BHEL, Cipla, L&T, ACC, GAIL, Hero Hoda. ICICI Bank, HUL, Tata Motors, Tata Steel were among the losers.

Asian markets were trading higher. Hong Kong's Hang Seng advanced 0.63% or 188.29 points at 30,042.78, Japan's Nikkei gained 0.61% or 99.71 points at 16,383.88, Taiwan's Taiwan Weighted rose 0.45% or 43.13 points at 9,611.39, Singapore's Straits Times surged 0.87% or 32.14 points at 3,739.28 and South Korea's Seoul Composite was up 1.29% or 25.43 points at 2,002.18.

US markets: The Dow slipped 3.33 points, or 0.02%, to 13,671.92. The Standard & Poor's 500 index lost 1.48 points, or 0.10%, to 1,514.40, while the Nasdaq composite Index lost 23.90 points, or 0.86%, to 2,750.86

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