After opening unenthusiastically at 15,066.71, the stock market is trading flat in the morning trades.

On the other hand, Asian markets also opened negatively as the US subprime lender Aegis Mortgage filed for bankruptcy, activating worries of credit situations of higher risk mortgages.

According to Bhupendra Sharma, vice president, Hornic Investments the stock markets will increase by another 200 to 300 points in the coming days. It is expected to touch 15,500 level by this weekend. He also said that the major performers on the bourses include IDBI, Reliance Industries, Redington, NecLife, Videocon Appliances, Lyka Labs and W S industries.

In the morning trades, the market has had 661 advancements as against 131 declinations. Among the sectorial indices, BSE Auto ascended 0.04%, BSE Metal arose 0.53%, BSE Realty climbed up 0.45%, BSE Bankex gained 0.22%, whilst BSE IT rejected 0.03%.

The major performers on the stock market include HDFC Bank that gained 1.18% at Rs 1,149.00, NTPC, which climbed up 0.98% at Rs 169.40 and ACC arose 0.75% at Rs 1,019.90. The other gainers’ include L&T, Cipla, HUL, M&M and Ranbaxy.

The losers’ at the BSE comprise Hindalco that descended 0.33% to Rs 152.00, ITC rejected 0.12% at Rs 164.50 and Infosys, which slumped 0.10% at Rs 1,950.00.

Today, equity shares of Omnitech InfoSolutions were listed at the bourses. The scrip opened at a 75% premium at Rs 183.60 as compared to its issue price of Rs 105. the total volume of the shares traded stood at 577,939 (9.58 am).