With some front line stocks from automobile, banking and realty sectors trading firm on sustained buying support, the market, which opened on a buoyant note this morning, remains fairly well placed in positive territory now.
Healthcare and PSU stocks have declined to lower levels on selling pressure. Power, information technology, oil, capital goods and metal stocks are trading mixed. Midcap and smallcap stocks are mostly subdued and activity is stock specific in these segments.
The Sensex, which rose to 19,902.60 in early trades, is now up 73 points or 0.37% at 19,854.19. The Nifty is up 19.45 points or 0.32% at 6018.35, around 20 points off the day's high of 6038.50.
Tata Motors is up 4.2% at Rs 294 thanks to sustained buying at the counter. Ultratech Cement is up 3.3%. DLF has gained 2.7% and HDFC is trading with a gain of 2.5%. ICICI Bank and Asian Paints are up 2.2% and 2%, respectively.
Jindal Steel & Power, Hindalco, Reliance Infrastructure, Power Grid Corporation, Larsen & Toubro, Tata Consultancy Services and Bharti Airtel are also up with notable gains.
Bank of Baroda has lost over 5% at Rs 821. Bank of Baroda has announced that it has posted a net profit of Rs 1011.62 crore for the quarter ended December 31, 2012 as compared to Rs 1289.85 crore for the quarter ended December 31, 2011. Total income increased from Rs 8821.32 crore for the quarter ended December 31, 2011 to Rs 9685.51 crore for the quarter ended December 31, 2012.
IDFC is down with a loss of 3.2%. Cipla, Dr Reddy's Laboratories and Lupin are trading lower by 1.8% - 2%. Ranbaxy Laboratories is down with a loss of 1.3%.
BHEL, Axis Bank, Jaiprakash Associates, Punjab National Bank, ONGC, Grasim Industries, Tata Power and State Bank of India are also down in negative territory with notable losses.
Berger Paints has gained nearly 4% following the company reporting a strong 56.4% surge in net profit for the quarter ended 31 December 2012.
Oil India and Adani Enterprises have also moved up smartly on impressive results, while Indian Bank is down by over 3% on disappointing quarterly numbers.