Sensex, Nifty remain in positive territory

Last Updated: Wed, Nov 21, 2012 08:02 hrs

The market, which rallied smartly after seeing some listless movements early on in the session, remains in positive territory amid alternate bouts of buying and selling in heavyweight stocks.

The Sensex, which rose to 18,438, is currently up 75 points or 0.4% at 18,404.32. The Nifty is up with a gain of 19.10 points or 0.34% at 5590.65, off the day's high of 5602.25.

Shares from consumer durables, FMCG, realty, information technology, banking and healthcare sectors are finding fairly good support. Oil, capital goods, automobile and power stocks are a bit subdued.

Sun Pharmaceutical Industries shares are up 2.5% at Rs 701. Jindal Steel & Power, Asian Paints, Cipla, Tata Power and ICICI Bank re trading higher by 1.5% - 2%.

ITC is up 1.2%. Infosys, Mahindra & Mahindra and Tata Steel are up nearly a percent. Grasim Industries, Tata Consultancy Services, Hindalco, Jaiprakash Associates, Hindustan Unilever, Axis Bank, Ultratech Cement, Bank of Baroda, Wipro, Reliance Infrastructure and Sesa Goa are also trading firm.

BHEL is trading 1.8% down. NTPC is down with a loss of 1.6%. Bharti Airtel, Cairn India, Hero Motocorp, Maruti Suzuki, IDFC, HDFC and State Bank of India are also trading notably lower.

Tata Coffee (2.6%) and L&T Finance Holdings (3%), which saw some weak spells in recent sessions, are up sharply on impressive volumes today. While over 8 lakh shares have been traded so far at the Tata Coffee counter on the National Stock Exchange, the L&T Finance Holdings counter has clocked a volume of nearly 14 million shares.

Honeywell Automation India is down more than 18% at Rs 2555 following an announcement from the company's foreign promoter that it intends to reduce in due course its shareholding in the Indian unit to comply with the minimum public shareholding requirement. Honeywell Asia Pacific Inc. will reduce its stake in HAIL with the sole purpose of meeting the minimum public shareholding rule.

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