Posted on Sunday, 13th December 2009 by admin
The key benchmark indices were flat in the early trades amid mixed trends in Asian markets. The Sensex was down 18 points at 16,859 levels and the Nifty fell 7 points to 5,025.
Some selling pressure was seen in realty, banking and oil & gas stocks.
Among the Sensex stocks, ICICI Bank was the top loser. The stock slid 0.8 per cent in early trades. HDFC Bank, ITC and Reliance Infra were the other main losers in the group.
Bharti Airtel, however, was the biggest gainer in the pack. The stock rose 0.7 per cent.
The US stock market fell for the first time in five days on Tuesday and Treasurys slipped after a jump in inflation stoked concerns that the Federal Reserve would be forced to raise interest rates.
The Dow fell 49.05, or 0.5 percent, to 10,452.00. The S&P 500 index fell 6.18, or 0.6 percent, to 1,107.93, and the Nasdaq composite index fell 11.05, or 0.5 percent, to 2,201.05.
Asian markets were trading mixed today. Hong Kong’s Hang Seng fell 0.9 per cent and South Korea’s Kospi was down 0.3 per cent. Nikkei in Japan, however, gained 0.5 per cent.
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Tags: Asian, Asian Cues
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