BSE up 53 pts, NSE down 15 pts

MUMBAI: The markets opened in red in the early trade on Thursday. The Bombay Stock Exchange benchmark Sensex opened in the same mood as yesterday but rebounds. The Sensex was up 53.56 points at 14576.40 points , at 12.50 am. On the other hand, the wide-based National Stock Exchange index Nifty down 14.60 points at 4341.55. Thanks to the inflation rate dropping by 1.6% in first week of June to ten months after inflation peaked at 12.9% in early August.


Annual inflation was at 0.13% in the week before. The BSE Realty is down 3% at 3,280 and the Metal index has declined 2% to 11,041. SBI and TCS have advanced 2% each to Rs 1,698 and Rs 387, respectively. Sun Pharma, Infosys and Sterlite are up 1% each at Rs 1,315, Rs 1,734 and Rs 611, respectively. ACC has slipped 5.7% to Rs 779. NTPC and Tata Steel are down over 3.5% each at Rs 206 and Rs 403, respectively.


ONGC, Hindalco, Grasim and Jaiprakash Associates have dropped over 2.5% each to Rs 1,033, Rs 91, Rs 2,253 and Rs 200, respectively. DLF, Maruti, BHEL, HDFC Bank and Larsen & Toubro are up 1% each. The market breadth is extremely negative - out of 2,330 shares traded, 585 have advanced and 1,682 have declined so far on the BSE.