A few stocks from realty, capital goods, power and automobile sectors have moved higher on the Indian bourses where the mood is quite cautious this morning, amid a lack of fresh triggers.
With the U.S. markets closed overnight due to a holiday, and most of the markets in the Asian region remaining somewhat subdued, movements are quite choppy in opening trades in the Indian market.
The BSE benchmark Sensex, which declined to around 19,483, after surging to 19,531.51, is currently down 7 points at 19,494.08. The Nifty index of the National Stock Exchange is down 4.85 points at 5893.35, off an early high of 5904.15.
FMCG, information technology, PSU, metal and bank stocks are mostly flat. Oil stocks are also quite subdued at present.
Cipla is trading 1.8% up at Rs 386. Hindustan Unilever is up nearly a percent at Rs 475. Mahindra & Mahindra, Sun Pharmaceutical Industries, BHEL and NTPC are trading higher by 0.5% - 0.8%.
GAIL India is trading modestly higher. After trading hours on Monday, the company announced that it has commenced gas supply to Bengaluru, from its Dabhol-Bengaluru 1000 km pipeline.
Heavyweights ONGC, Larsen & Toubro, Infosys and ICICI Bank are up marginally. Reliance Industries is trading weak, losing about 0.3% at Rs 844. Bharti Airtel is down with a loss of 1.5%, while ITC and Tata Steel are down 0.2% and 0.6%, respectively.
ACC is trading 1.5% up at Rs 1281. DLF, Ranbaxy Laboratories, Ambuja Cements, Kotak Bank, IDFC and Bank of Baroda are up with modest gains.
Reliance Infrastructure, Jaiprakash Associates, Ultratech Cement, BPCL and Power Grid Corporation are down 0.5% - 1%.