Indian Stock Markets Down; NSE Nifty slips 100 points while BSE Sensex down by 300

Indian Stock Markets Weak; BSE Sensex down, NSE Nifty DownIndian Stock Markets opened weak on Wednesday. At 11.03 am, NSE Nifty was down by 104 points while BSE Sensex was with a loss of over 300 points. Most of the Blue-chips were trading with losses. Reliance, Reliance Energy, ONGC, SBI, SAIL, Infosys, Satyam were among major losers on NSE. ITC is one counter which is with marginal gains of 0.5%.

Banking Stocks were trading with losses. Metal counters were also trading weak. Fertilizer stocks were also down after decent run in recent few trading sessions.

Mid-Caps were also down. There were only a few stocks which were able to gain in today’s market. Colgate was one stock which was up due to news of Suspension from exchange for change in value of stock. Air Deccan gained decently yesterday and is up by nearly 11 percent in today’s trading session as well.

Meanwhile, Religare listed on Stock Exchanges. The stock touched a high of Rs 601 in early trading session.

Business News: