Money Tree

Markets have opened gap down as expected and NIFTY fell below 4000 momentarily in the morning, however now at 10.10 a.m markets have recovered from the lows of the morning and NIFTY is around 4027 trying to keep its head above the crucial 4025 level. The market bredth is extremely negative with very fewer stocks in the green. Almost all sensex stocks had opened in the red.
Teledata Informatics is locked in the upper circuit at 67.35 and Page Industries is continuing its rally and is up about 4 percent at 440.