Thursday, 1 November 2012

NSE Nifty Flat today, HCL and Reliance Under Pressure

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Yesterday market rebound in last hour of trade. Led by auto and financial, rupee down today. Last trade at 54.07 but snapped two successive months of gains to fall In October as the euphoria over economic reforms petered out and the central bank kept rates on hold. Foreign petered out has pumped in around $2 billion in equities in October.

NSE Nifty today opens 5609.85 with trading prices 5612.65 its decline -7.05 or 0.13 per cent. Nifty was flat to negative trends in morning session on Thursday. Today pressures of Reliance industries and HCL. Infosys and ITC Company are too under pressure but the gain in Tata Motors.

Profitable vehicle maker Tata Motors and telecommunication Bharti Airtel gaines over 1 per cent. Cipla, Maruti Suzuki, Dr Reddy’s labs and Tata steel too buyer’s position.

Wipro rose 1.3 percent following the company approved demerger of customer care and illumination business. The company will say publicly its second quarter numbers tomorrow morning.

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