Markets fail to hold on to firm opening

By IANS

Mumbai : Positive global cues helped Indian markets to open on a firm note Wednesday but they soon lost steam and slipped into the red on profit booking.


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The 30-share sensitive (Sensex) index of the Bombay Stock Exchange opened at 20,079.89 points, down 0.82 percent. That was the high for the day till about noon, when the Sensex was trading around 19,943.30 points, down 1.52 percent, after marking a low of 19,792.15, down 2.24 percent.

Turnover toppers at BSE included Reliance Natural Resources at Rs.1.66 billion turnover, followed by Reliance Industries at Rs.940 million, Reliance Communications at Rs.820 million, Reliance Energy at Rs.810 million and Reliance Petroleum at Rs.650 million.

Elegant Marbles traded at Rs.89.25, up 12.19 percent, Rollatainers at Rs.39.50, up 9.87 percent and Paushak Ltd at Rs.92.95, up 9.87 percent. These stocks lead the pack of top gainers on BSE.

The broader 50-share S&P CNX Nifty index of the National Stock Exchange opened at 6,065 points, down 0.15 percent, making it the high of the day so far. It currently trades at 5,960.85 points, down 1.87 percent after witnessing a low of 5,919.65 points, down 2.54 percent.

Top turnover scrips at NSE were Reliance Natural Recourses, Reliance Industries and Reliance Energy.

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