After opening on a positive note on Asian cues, the Indian stock market retreated due to resistance at higher levels this morning. However, with select blue chips finding support at lower levels, the market has emerged into positive territory again.
The Sensex, which declined to 19,346.08 after rising to 19,421.72 in early trades, is currently up 28.71 points or 0.15% at 19,383.97. The Nifty index of the National Stock Exchange is up 11 points or 0.19% at 5899, off an early high of 5907.35.
Automobile and realty stocks are trading firm. Power, oil, information technology, bank and healthcare stocks are trading mixed, while FMCG stocks are weak. Select midcap and smallcap stocks have moved up sharply.
Among automobile stocks, Tata Motors is up 2.6% at Rs 284, Hero Motocorp is up 1.2%, Bajaj Auto is trading nearly a percent up and Maruti Suzuki is up with a gain of 0.8%, while Mahindra & Mahindra is trading higher by about half a percent.