With the key indices Sensex and Nifty still moving around in a choppy fashion around their previous closing levels, the market looks headed for a flat close today.
Despite slightly easing worries about the near term outlook for the economy, investors appear somewhat reluctant to build up positions today, perhaps feeling the market has overheated, having run up quite sharply over the past few sessions. Caution ahead the release of some key economic data is also contributing the sluggish trend in the market.
The Sensex is now down 13.43 points or 0.07% at 19,669.80, while the Nifty is up in positive territory at 5947, netting a gain of 1.30 points or 0.02%.
While stocks from consumer durables, information technology and metal sectors are mostly subdued, those from realty and healthcare sectors are having a fairly good outing today. Select power and capital goods too have posted strong gains. FMCG, oil and bank stocks are a bit subdued. Automobile stocks are trading mixed.
HDFC, Sun Pharmaceutical
Industries and Tata Power
are up 2% - 2.4%. GAIL India
is up 1.7%. Mahindra & Mahindra
, Hindustan Unilever
, Tata Steel
and Larsen & Toubro
are trading higher by 0.4% - 1.4%.
Hero Motocorp is trading lower by 2.2%. Jindal Steel
& Power, Bajaj Auto
are down 1% - 1.4%. Tata Consultancy Services
, Tata Motors
, Sterlite Industries
, ICICI Bank
, Dr Reddy's
Laboratories, Reliance Industries
are down 0.4% - 0.8%.
Opto Circuits is up nearly 7% at rs 59. Siemens
has notched up a gain of 6.2% thanks to sustained buying at the counter. Indraprastha Gas
is up 5.2% and Jain Irrigation
Systems is trading nearly 5% up.
ABB, Madras Cements
, Berger Paints
, Crompton Greaves
, Coromandel International, Shree Cement
, Hexaware Technologies
, Core Projects, Oriental Bank of Commerce
, Adani Enterprises
, United Spirits
and GMR Infrastructure
are up 2.5% - 4%.
Max India is down by around 4%. Neyveli Lignite Corporation
, Oracle Financial Services
, Apollo Tyres
, Gujarat Minerals, Adani Ports, Titan Industries
, JSW Steel
and Mahindra & Mahindra Financial Services are down 2% - 3%.