Indian Markets open flat note amid
negative cues from other Asian stocks on Friday.
Overseas, most Asian stock
markets were on lower territory as rates of sovereign bonds fall. Meantime, Crude
oil prices fell today after an attack on tankers in the Gulf of Oman.
Meanwhile, the Indian currency
opened flat at 69.51.USD as against previous close 69.51.
At 9.50am, the BSE Sensex was
down 160 points at 39,580-level, while the Nifty is down 56 points at 11,857-level.
PowerGrid (up 0.95%), Wipro (up
0.70%), Vedanta (up 0.65%) , Infratel (up0.42), and L&T (up0.37%) were among major gainers on the Nifty, while Indiabull
Housing (down 4.22%), Zeel (down 2.45%) IndusInd Bank (down 1.59%) YesBank (down
1.49%), Dr.Reddy (down 1.38%) led the
All the sectoral indices, Except
Nifty metal, were trading lower led by major declines in Nifty Pharma, realty
and media. Nifty realty index were
trading down 1.83% at this time with
falls in Indiabulls real estate, DLF, SunTech among others, as major index