Markets open flat as auto, realty stocks gain
Markets have slipped into the red following cues from the global bourses. The Sensex is flat at 18,813 – up around 20 points. Nifty is at 5,667 – up eight points.
U.S. stocks fell Thursday, with technology stocks weighing on the broader market following lackluster earnings from Oracle. The Dow slipped 90 points to 14,421. Nasdaq and S&P shed almost a per cent each.
In Asia this morning, the Nikkei has slumped 1.2% at 12,481 on overseas losses and rise Of Yen. Seoul Composite has also slipped marginally.
Auto, banking and metal shares have gained this morning. The auto index has added 0.8% at 10,196. Metal and capuital goods indices are also in the green – up 0.5% each.
However, IT shares have slipped in morning trades. BSE IT index is down 1% at 6,770.
For more visit: Business Standard
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