Sensex edges up after mild retreat; United Spirits jumps on strong

Sensex edges up after mild retreat; United Spirits jumps on strong volumes

Last Updated: Wed, Oct 03, 2012 08:25 hrs
BSE Sensex seen opening lower, GDP data eyed

After a retreat from higher levels that resulted in the Sensex drifting down into negative territory, the market has edged up marginally amid cautious trades this afternoon. Lack of fresh triggers from the domestic front and a weak start in European markets appear to be weighing on sentiment to an extent.

At 18,860, more than 40 points off the day's low of 18,816.57, the Sensex is now up 36 points or 0.18% from its previous closing mark. The Nifty index of the National Stock Exchange is up 10 points or 0.18% at 5728.80.

Among the notable gainers in the Sensex, Dr Reddy's Laboratories is up 2.6%, Coal India, Hindustan Unilever, Cipla and Reliance Industries are up 1.5% - 2%, while Tata Consultancy Services, HDFC, Tata Steel, Mahindra & Mahindra, Sun Pharmaceutical Industries, GAIL India, Bharti Airtel and Maruti Suzuki are trading higher by 0.5% - 1.3%.

IDFC , up nearly 3.5%, is the top gainer in the Nifty index. Siemens is up by a little over 3%. Ambuja Cements , HCL Technologies , Jaiprakash Associates , Sesa Goa and ACC are also trading notably higher.

Jindal Steel & Power is trading lower by over 4%. Axis Bank , Reliance Infrastructure , Power Grid Corporation , Infosys , Hero Motocorp , BHEL , Bajaj Auto and ITC are down 1% - 1.4%.

Kotak Bank , Lupin , Tata Motors , BPCL , Asian Paints , Wipro , Cairn India , Bank of Baroda , Tata Power , HDFC Bank and DLF are also trading weak.

United Spirits tops the turnover chart on the National Stock Exchange. The United Spirits counter has clocked a volume of around 5.15 million shares, valued at over Rs 650 crore so far on the National Stock Exchange. The stock is up amid reports that the company will announce the deal with British liquor giant Diageo sometime during the course of this week.

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