The markets have opened lower on the back of marginally weak global cues and selling pressure in banking, power, metal, realty, oil, capital goods and auto stocks. Market breadth is negative. Midcap and small cap stocks also slipped. On the global front, Asian markets were trading mixed.
At 9:56 am, the Sensex was down 202 points at 15,605 and the Nifty down 58 points at 4,719.
ICICI Bank, SBI, L&T, BHEL, Reliance, Axis Bank, PNB, Tata Motors and DLF were down.
Infosys was up 2.2% at Rs 1459 after announced of Q4 and FY08 numbers, which are inline with the expectations. It has posted posted FY08 net profit of Rs 4659 crore as against Rs 3856 crore in FY07 and net sales at Rs 16692 crore versus Rs 13893 crore.
Asian markets were trading mixed. Shanghai Composite was down 1.33%, Hang Seng down 0.30% and Seoul Composite down 0.41% while Jakarta Composite rose 0.5%, Nikkei up 0.97%, Straits Times up 0.09% and Taiwan up 0.20%.
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