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%.