Thanks to sustained buying in several blue chip stocks, particularly those from the IT space, the market, which opened on a firm note this morning, has moved further up north now.
Shares from realty, oil, banking and consumer durables sectors are the other prominent gainers. FMCG and capital goods stocks are also trading firm. Metal, power, healthcare and automobile stocks are a bit subdued.
The Sensex, which spurted to 19,853.91, is currently up 144.40 points or 0.72% at 19,808.04. The Nifty index of the National Stock Exchange is up 40.40 points or 0.68% at 5991.70, slightly off the day's high of 6002.45.
Infosys, extending previous session's hefty gains, is trading stronger by 3.2%. Tata Consultancy Services
is up with a gain of nearly 2% and HCL Technologies
is up nearly a percent.
, ICICI Bank
, Axis Bank
, Punjab National Bank
, Bharti Airtel
, Dr Reddy's
Laboratories, Jaiprakash Associates
and GAIL India
are up 0.5% - 2.6% now.
Ultratech Cement, Lupin
, Maruti Suzuki
, Reliance Infrastructure
, Bajaj Auto
, Kotak Bank and Ranbaxy Laboratories
are trading weak, losing 1% - 2%.
Jaiprakash Power Ventures is trading notably lower following weak quarterly results, while Petronet LNG
is up nearly 2% after the company reported a near 8% surge in net profit for the quarter ended 31 December 2012.
According to the data released by the government this morning, India's annual consumer price inflation accelerated to 10.56% in December from the previous month. Retail inflation stood at 9.9% in November. Meanwhile, fod prices for consumers rose 13.04% in December from 11.81% in November.