By IANS
Mumbai : Indian stock markets opened on a subdued note Thursday with the benchmark index of the Bombay Stock Exchange (BSE) opening 34 points on the upside and the broader Nifty index gaining 9.65 points.
Volatility could be the order of the day.
While the Sensex was trading at 18,550, the broader S&P CNP Nifty index of the National Stock Exchange (NSE) opened at 5,504, gaining marginally 9.65 points or 0.18 percent.
The markets consolidated after a stupendous rally by the big bulls — over 900 points on a single day. The trade volumes are subdued as compared to previous session as traders play a wait and watch game ahead of the crucial Securities and Exchange Board of India (SEBI) meet in Mumbai Thursday.
The overall breadth of the market still remains positive.
Among the top gainers on the index are Reliance Petroleum, up by 3.48 percent at Rs.196.30, Hindalco by 3.25 percent at Rs.195.65, and VSNL, plotting a gain of 3.25 percent and trading at Rs.525.05.
Among the top losers are Suzlon a 2:30 success story, losing its ground significantly and among the top losers in the index by 2.37 percent and trading at Rs.1,861.05, Dr. Reddy down by 2.06 percent at Rs.617.05, and Wipro getting a hit of about 2.05 percent trading at Rs.486.30