With investors not showing any keen interest in building up positions due to lack of fresh triggers, the market remains quite subdued this afternoon.
Data on advance tax payments, industrial production data and the central bank's interest rate decision are among the factors that will set the tone for the market's near term trend. For now, investors appear keen on taking some profits following the upmove in the past couple of sessions.
The Sensex is now down 11 points or 0.06% at 19,41.61. The Nifty is down 8.55 points or 0.15% at 5810.05.
Information technology stocks continue to trade firm with a weak rupee aiding their surge to an extent. Capital goods stocks are the other notable gainers. Realty stocks, which started off on a weak note, are off their lows now. Select pharmaceuticals stocks are trading higher.
Metal stocks are down on profit taking. Oil, PSU, consumer durables and FMCG stocks are also mostly trading in negative territory. Automobile, bank and power stocks are trading mixed.
IT heavyweights Infosys
(1.2%), Tata Consultancy Services
(2%) and HCL Technologies (2.3%) are up sharply. Hexaware Technologies
, Oracle Financial Services, Mahindra Satyam
and Tech Mahindra
are also up with strong gains.
Among capital goods stocks, BHEL
, Larsen & Toubro
, Crompton Greaves
, FAG Bearing
are up 1% - 2.5%, while Jindal Saw
and Praj Industries
are trading higher by 3.7% and 5.3%, respectively.
Among the stocks in the Realty index, DLF
is up 2.3%, Anant Raj Industries
is trading stronger by 4.8% and Prestige Estates is up with a gain of a little over 2%. HDIL
, Indiabulls Real Estate
, Phoenix Mills
, Oberoi Realty and Unitech
are trading notably lower on profit taking.
Hero Motocorp is up 3.3% on sustained buying support. Sun Pharmaceutical
Industries, Asian Paints
, Maruti Suzuki
and Power Grid Corporation
are also trading firm.
Jindal Steel & Power is down with a loss of 3.2%. Hindalco
has lost around 2.2% and Tata Steel
is down by around 1.8%, while Coal India
and Sesa Goa
are trading lower by about 1%.
Reliance Infrastructure, IDFC
, Tata Motors
, Ambuja Cements, Hindustan Unilever
, Bank of Baroda
, Ultratech Cement, Kotak Bank, Cairn India, Axis Bank
and Ranbaxy Laboratories
are down 1% - 2.2%.