Markets trade lower, eye Reliance Q4 numbers

The benchmark indices saw a lower opening on Friday tracking weak Asian cues. Asian markets fell on tepid US economic data re-igniting worries on the state of the economic recovery.

At 09.30 am IST, the 30-share BSE Sensex was trading at 17482.46 down 21.25 points or 0.12% and NSE Nifty was trading at 5327.15 down 5.25 points 0.10% at 9.35 am IST.

Most of the Asian Indices were trading lower after opening on a soft note. The Nikkei 225 was down by 0.30% at 9,559. The Hang Seng was down by 0.27% at 20,934. The Shanghai composite was up 0.60% at 2,392.

Markets are keenly awaiting the Q4 reults to be decalred by Reliance Industries, which is due later today. Banking stocks are also likely to remain in focus as rate cuts across the sector begins. Among the stocks that gained in early trade today were the Ranbaxy, Mahindra and Mahindra, Cairn India and Maruti Suzuki

While on the losing side, the stocks failed to lure investors were ACC, Coal India, Reliance Infra and Ambuja Cement.

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