Indian Stock Market opened down in the negative zone. Equity benchmarks are remaining firm with Sensex 39 points down at 26276 and NSE Nifty is just 12 points down at 8102. Global Indices are trading mixed. Nikkei is 70 points down at 18310, Hang Seng is 160 points up at 22884 and China’s Shanghai Composite has moved 16 points up at 3278.
Banking stocks slipped in opening trade after RBI hikes CRR on incremental deposits. Shares of ICICI bank, SBI and bank of Baroda dropped and took the place in top losers of today. According to the experts prediction for today Market will be bearish to consolidate.