The market remains modestly up in positive territory amid selective buying at a few blue chip counters, and with no big negative news to warrant any slide, looks headed to sign off the day with small gains.
Asian markets mostly closed on a positive note, although with just marginal gains. European markets are exhibiting a mixed trend. Back home, activity is mostly stock specific with investors mostly tracking recent quarterly results for direction.
Realty stock DLF is trading 4.8% up at Rs 250.60. The DLF counter on the National Stock Exchange has clocked a volume of nearly 8 million shares today.
Coal India is down 2.2% due to sustained selling pressure. Jindal Steel & Power, Axis Bank, ONGC, Tata Consultancy Services and Ultratech Cement are down 1% - 2%. Bharti Airtel, Kotak Bank, Asian Paints and HCL Technologies are also trading weak.
Sterlite Technologies is up more than 3% following an announcement from the company's joint venture in China about the commencement of production of optical fiber at its new facility inHaimen, Jiangsu Province.