Markets trade volatile, IT Stock rise


Indian markets on Wednesday, March-18, opened positively and later swing between gains and losses. Meantime, the rupee of India opened up by 26-ps at 73.98 per dollar against the last close of 74.24.

Crude Oil prices stood steadily today after falling to their lowest in 4 years. The Brent crude was higher by 0.3-pc, at USD28.81/BL.

At 9.45-am, the Sensex traded lower by 118 points at 30460-mark while the Nifty down by 19 points at 8947.60.

Yes Bank, Zee Entertainment, SunPharma, Vedanta and Infosys were among major gainers in the Nifty. ON the other hand, Axis bank, PowserGrid, DrReddys, ICICI Bank and Kotak Bank were top laggards.

Among sectoral Nifty indices, FMCG, IT, Media, Metal and Pharma are trading in the green, while banking, Auto, Financial service and Realty were trading in the red. For the Best Stock trading tips visit the link.

Among IT stocks, Currently, Wipro traded higher by 1.50-percent to Rs.175.70-per share after the IT major implemented Core-Banking-Solution for Canara Bank sponsored Regional Rural Bank.

Shares in Sobha Ltd rose over 2.50 percent to Rs202.80 after Morgan Stanley maintained rating-overweight on the stock with a price target of Rs613 per share.

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