Sensex edges higher; IT, metal stocks move up

Last Updated: Tue, Jun 18, 2013 08:42 hrs
Stock brokers engage in trading at a brokerage firm in Mumbai

Amid alternate bouts of buying and selling in blue chip stocks from across various sectors, the market has come off lower levels once again, and this time, has managed to move into the positive zone.

Still, with most of the markets in Asia and Europe turning out to be quite lackluster with investors choosing to tread cautiously ahead of U.S. Federal Reserve's two day meet, the mood back home is also quite cautious today.

At 19,355.21, the Sensex is now up 29.34 points or 0.15% from its previous close. The Nifty is up 4.10 points or 0.07% at 5854.15. Earlier in the day, the Sensex and Nifty had declined to 19,213.47 and 5808.30, respectively.

Among metal stocks, Tata Steel is up 3.3%, while Hindalco, JSW Steel, SAIL, Sesa Goa and Sterlite Industries are up 1% - 2%. Bhushan Steel, Coal India and Jindal Steel & Power are up with modest gains.

Realty stocks DLF, HDIL, Godrej Properties, Prestige Estates, Sobha Developers and Unitech are up with sharp to moderate gains. Anant Raj Industries and Parsvnath Developers are up marginally, while Oberoi Realty and Phoenix Mill are trading weak.

Among the stocks in the BSE IT index, Infosys (1.4%), Mphasis (2.3%), Mahindra Satyam (1%), Wipro (1%), Hexaware Technologies (2.8%), Financial Technologies (2.5%) and Tech Mahindra (1.4%) are trading firm. HCL Technologies, Oracle Financial Services and Tata Consultancy Services are dow marginally.

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