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Indian stock markets open firm
Mon, 29 Dec 09:30 am

Barring Taiwan stock market, majority of the Asian stock markets have opened the day on positive note with Hong Kong market (up 1.97%) and China market (up 1.45%), leading the gainers. The Indian stock markets too have opened firm. Most of the sectoral indices have opened in green with metal and realty stocks leading the pack of gainers.

The Sensex today is up by around 200 points (0.73%), while the NSE-Nifty is up by about 59 points (0.72%). The mid cap and small cap stocks have too opened in green with BSE Mid Cap index and BSE Small Cap index up by 0.65% and 0.44% respectively. The rupee is currently trading at Rs 63.63 to the US dollar.

Majority of stocks in banking (private) space, have opened the day on a positive note, with Karnataka and ICICI bank being the leading gainers. As per the financial daily, employee unions of ING Vysya Bank has demanded for safeguarding of their interests post-merger with the Kotak Bank. Reportedly, the employees have also threatened to go on strike on January 7 - the day on which bank will seek shareholders' nod to approve the deal. Since the Kotak does not have an employee union and also opts for outsourcing the work as and when required. The employees of ING have apprehensions on their job security.

Most of the stocks from software sector have opened the day on a firm note, with Moser Baer and TCS leading the pack of gainers. As per the financial daily, Infosys for the first time has tied up with the training firms to improve its sales team efficiency. Since the company is revamping the way the technology services are being delivered, this step is taken towards the same. Reportedly, the management believes that with more transformational deals, the sales team should be geared to effectively work with clients over the time.

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