Sensex up nearly 50 points on firm start;Bajaj Auto, Tata Steel move up

Last Updated: Fri, Feb 01, 2013 04:29 hrs

After a cautious and positive start, the Indian stock market has edged higher in subsequent trades this morning with investors indulging in some buying, tracking some fairly buoyant results from India Inc.

The BSE benchmark Sensex, which rose to 19,966.69, is currently up 48.80 points or 0.25% at 19,943.78. The Nifty index of the National Stock Exchange is up 10.65 points or 0.18% at 6045.40, off a high of 6052.95 it had touched a little while ago.

Metal, consumer durables, healthcare and power stocks are among the prominent gainers. Select stocks from capital goods, automobile and oil sectors too have moved higher. Realty, information technology, bank and FMCG stocks are a bit subdued.

Bajaj Auto is up nearly 2% at Rs 2066. Cipla is up with a gain of 1.8% and Tata Steel is trading 1.5% up. Sterlite Industries, tata Power, Hindalco, Jindal Steel & Power, GAIL India and Coal India are up 1% - 1.4%.

NTPC, Sun Pharmaceutical Industries, Dr Reddy's Laboratories, BHEL, Tata Motors, ICICI Bank, ONGC, Maruti Suzuki and Reliance Industries are up with modest gains.

Bharti Airtel is trading nearly half a percent up at Rs 340.80, amid cautious moves ahead of announcement of third quarter results.

Lupin is up 2.7% on strong quarterly results. Sesa Goa, Ranbaxy Laboratories, BPCL, Asian Paints, Reliance Infrastructure and Cairn India are also trading notably higher.

Jaiprakash Associates is down nearly 3% at Rs 84.80. DLF is down with a loss of 1.8%. Punjab National Bank, which ended with a hefty gain on Thursday thanks to upbeat quarterly results, is down 1.6% on profit taking now. Hindustan Unilever, Axis Bank, ITC, Hero Motocorp and Wipro are also trading weak, albeit with less pronounced losses.

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