Golden Investment Research (P) Limited
Live News
Time : 9.30
Sensex opens flat; Essar Oil up 7% on rising crude prices
Markets opened absolutely flat with no fundamental reasons for aggressive trading. The Sensex is up 45 points at 15927. Nifty is up 9 points at 4758.
Essar Oil is the biggest gainer up 7 percent with a judicial hearing due today and crude oil maintaining its strength at 113 dollars. Other oil related stocks like Cairn India (up 2 percent) and ONGC (up 0.64 percent) have also done well.
Cement stocks Ambuja Cements and ACC continue their losses as they seem to be heading for steeper corrections. http://www.goldennifty.com
Banks like SBI, ICICI, HDFC Bank and Punjab national Bank have been supporting the market with mild positive buying been seen.
Hexaware rallies 2 percent after a Times of India report said that the company may be up for sale. http://www.goldennifty.com
GMR Infra is down over 1% after a report in the Economic Times said that the company is allowed to hike Delhi tariffs by 3 fold as against proposal for a 7 fold hike, which could lead possible revenue loss of Rs 3,000 crore to DAIL. http://www.goldennifty.com
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