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Sensex up 24 points amid listless trades

Source : SIFY
Last Updated: Mon, Feb 25, 2013 09:45 hrs
People walk pass BSE building in Mumbai

Amid a moderate degree of volatility, the market is trading in positive territory now, and with just a few more minutes to go for the bell and not much buying happening at several counters, the key indices look set for a somewhat flat close once again.

At 19,341, around 70 points off a high of 19,411.18, it had touched about half an hour ago, the Sensex is now up by about 24 points from its previous close. The Nifty is up 11.10 points or 0.19% at 5861.40.



Information technology stocks, led by bellwether Infosys, have turned in a fine performance today. Select automobile, FMCG and power stocks have also posted notable gains.

A few stocks from healthcare and banking sectors are up in positive territory with smart gains. Oil, metal, capital goods and realty stocks are trading weak, with quite a few of them posting sharp losses.

Infosys is trading stronger by around 2.7%. Tata Consultancy Services, HCL Technologies and Wipro are up 1% - 1.8%.

Pharma stocks Ranbaxy Laboratories (4.8%), Lupin (1.7%) and Sun Pharmaceutical Industries (1%) are trading firm.

Power Grid Corporation, Tata Motors, Hero Motocorp, BHEL, State Bank of India, Ambuja Cements, IDFC, ITC, Bajaj Auto, Tata Power, ACC and GAIL India are also up in positive territory with notable gains.

Meanwhile, DLF, Jaiprakash Associates, Cipla, Larsen & Toubro, BPCL, ONGC and Coal India are down sharply, losing 1.5% - 3.5%, on selling pressure.

Ultratech Cement, Bank of Baroda, Sesa Goa, Reliance Infrastructure, NTPC, Punjab National Bank, Hindustan Unilever, Asian Paints, Bharti Airtel and Reliance Industries are also trading notably lower.

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