Trading got off to a positive start on the Indian bourses this morning with investors picking up some blue chip stocks from across various sectors, tracking a firm trend in Asian markets.
Realty stocks, which declined sharply in the previous session, are among the prominent gainers in opening trades. Metal, bank and capital goods stocks are the other notable gainers.
Select healthcare, consumer durables and information technology stocks too have moved up. Automobile and oil stocks are a bit subdued.
The BSE benchmark Sensex is up 65.13 points or 0.33% at 20.046.70, slightly off a high of 20.053.97 it touched a little while ago. The Nifty index of the National Stock Exchange is up 21.30 points or 0.33% at 6069.80.
Housing finance stock HDFC, up 1.3% at Rs 823.60, is the top gainer in the Sensex. Maruti Suzuki, Hindalco, HDFC Bank, ITC, Jindal Steel & Power, Sterlite Industries, Mahindra & Mahindra, Tata Steel, Larsen & Toubro, State Bank of India, Cipla and Dr Reddy's Laboratories are up 0.5% - 1%. GAIL India and Reliance Industries are up with modest gains.
Reliance Infrastructure, DLF, Punjab National Bank, Ultratech Cement, Ranbaxy Laboratories, Jaiprakash Associates, Bank of Baroda, Asian Paints and Sesa Goa are also trading firm.
Hindustan Unilever is down as much as 5% at Rs 456. The FMCG major had announced on Tuesday that its net profit rose 15.59% to Rs 871.36 crore on 12.47% increase in total income to Rs 6788.54 crore in the October - December 2012 quarter, as compared to the corresponding quarter last year.
BPCL, Tata Motors, Bajaj Auto, Hero Motocorp, ONGC, Sun Pharmaceutical Industries and NTPC are trading lower by 0.2% - 1%.