Sensex moves in tight range

Last Updated: Wed, Jan 30, 2013 09:23 hrs

The market, which came off higher levels, continues to move in a tight band amid a lack of fresh triggers. Though select blue chips are finding some support, due largely on fairly encouraging results, the broad market is struggling to find its way up with investors mostly staying away on the sidelines.

At 20,018.20, the Sensex is up 27.30 points or 0.14% from its previous closing mark. The Nifty index of the National Stock Exchange is up 7 points or 0.1% at 6056.90.

Realty stocks, which were among the most prominent losers in the previous session, are trading firm right since trade commenced this morning. Consumer durables and metal stocks too are finding good support.

Select bank, oil and healthcare stocks are trading higher, while shares from capital goods, automobile and power sectors are trading weak. Information technology and FMCG stocks are mostly trading flat.

Realty stock DLF continues to trade firm, gaining as much as 3.7%. Cipla is up by a little over 2.5% and Sesa Goa is trading 2.4% up. Axis Bank, extending previous session's gains, is up 2.2% now. Tata Steel and Reliance Industries are also trading higher by over 2%.

ACC, Hindustan Unilever, Ultratech Cement, Wipro, ONGC, Ambuja Cements, ICICI Bank, Grasim Industries, Kotak Bank and Jaiprakash Associates are trading higher by 1% - 2%.

GAIL India is down more than 3%. Punjab National Bank is down with a loss of 2.7%. Tata Power, Bank of Baroda, IDFC, Larsen & Toubro, Bharti Airtel, Tata Motors and NTPC are down 1% - 2%.

Nalco, up 7%, is the top gainer in BSE 'A' Group. Pidilite Industries, IRB Infrastructure, Indiabulls Financial Services, Muthoot Finance, Sesa Goa, GMR Infrastructure, NHPC, Strides Arcolab, Aurobindo Pharma, Power Finance Corporation and Unitech are also up with strong gains.

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