May 31, 2011

Markets open higher, RCom and ONGC slip

Markets edged higher in opening trades tracking positive cues from Asia and gains in banking shares. The S&P CNX Nifty was up 23 points, at 18,322 and the Sensex advanced 90 points, at 18,326.

Reliance Communication and ONGC declined after they reported a sharp drop in quarterly profit. RCom fell 1.2% to Rs 87. ONGC declined 2% to Rs 272.

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