Price movements are a bit volatile on the major Indian bourses where the mood remains quite cautious today with invesors choosing to wait for the outcome of the debate on FDI in retail in Parliament.
Global cues too are not any significantly positive following some disappointing economic data from the U.S. Investors are mostly seen indulging in stock specific activity since trade commenced this morning.
At 19,316.32, more than 40 points off the day's high of 19,359.49, the Sensex is now up 11 points or 0.06% at 19,316.32. The Nifty index of the National Stock Exchange is up 7 points or 0.12% at 5877.95.
Automobile, consumer durables, metal, information technology and capital goods stocks are mostly subdued. Oil stocks are trading firm. Select bank, healthcare and power stocks have moved higher, while realty stocks are trading flat.
Mahindra & Mahindra, Wipro
, Sterlite Industries
and Tata Consultancy Services
are trading lower by 1% - 1.6%. Coal India
is down nearly a percent, while Larsen & Toubro
, HDFC Bank
, Tata Steel
, Tata Motors
, Hero Motocorp and Maruti Suzuki
are down 0.5% - 0.8%.
Reliance Industries, up 2.2% at Rs 821.20, is trading firm thanks to sustained buying at the counter. Bajaj Auto
, State Bank of India
, ICICI Bank
, Jindal Steel
are up 1% - 1.6%. ONGC
and GAIL India
are also trading notably higher.
Crisil, down 3.3%, is the most prominent loser in BSE 'A' Group. Suzlon Energy
is also trading lower by over 3%. Shree Cement
, Core Projects, Jet Airways
, GMR Infrastructure
, Ashok Leyland
, Mphasis, Videocon Industries
, Exid Industries, Ambuja Cements
, ING Vysya Bank
and Pidilite Industries
are also trading sharply lower.
United Breweries has jumped more than 12% on strong volumes. JP Power is up by over 9%. Tata Chemicals
, Zee Entertainment
, Bhushan Steel
, Indiabulls Financial Services
, Jaiprakash Associates
, Havells India
, Union Bank of India
, Torrent Power and Aurobindo Pharma
are trading higher by 3% - 5.6%. Reliance Capital
, Ranbaxy Laboratories
, Godrej Industries
and Adani Ports
are also up with impressive gains.