Stock Market Trading in Positive Zone

After a weak opening, the Indian Stock markets have started their upward journey again. The NSE Nifty is trading with a gain of 32 points at 2 p.m. NSE Nifty touched a high of 5498 and a low of 5412. Buying has been witnessed in select counters at lower levels.

Technology stocks have lost steam today after recent rally. Satyam Computers was trading marginally low. Wipro and Infosys Technologies were lower by over one percent.

Ranbaxy Labs continued to trade strong. The stock was up by 3.3 % at Rs 386. Dr. Reddy and Cipla were also trading with gain of over 1 percent.

Among Losers were ICICI Bank, HDFC Bank, M & M, Tata Motors and Maruti. The markets are expected to close with marginal gains today. There may be some selling pressure at higher levels. The US Markets closed weak on Monday. Asian markets were also weak on Tuesday. Indian markets opened weak due to selling in major index stocks.

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