Amid alternate bouts of buying and selling, the market, which retreated after a buoyant start, is currently trading modestly up in positive territory.
Automobile, capital goods and information technology stocks are finding some support. A few stocks from healthcare and FMCG sectors are also edging up a bit. Oil, meal, bank and power stocs are mostly subdued.
At 19,942.51, more than 60 points off the day's high of 20,007.09, the Sensex is now up 36.10 points or 0.18% from its previous closing mark. The Nifty index of the National Stock Exchange is up 13.75 points or 0.23% at 6037.80.
Ambuja Cements is up nearly 3%. Tata Consultancy Services is up with a gain of 2.2%. Ultratech Cement, Bharti Airtel, ACC, Axis Bank, Tata Motors, Maruti Suzuki, Bajaj Auto, Jaiprakash Associates, Hindalco, DLF and ITC are up 1% - 2%.
BPCL, GAIL India, Larsen & Toubro, Lupin, IDFC, Tata Steel and Reliance Infrastructure are up with modest gains.
Hero Motocorp is down by about 1%. According to reports, the company is planning to invest around Rs 950 crore in Rajasthan to commission its fourth production unit. The company has reportedly earmarked an additional investment of Rs 400 crore to set up an integrated R&D centre at a 250-acre site at Kukas near Jaipur.
Kotak Bank, Sesa Goa, Hindustan Unilever, Asian Paints, Reliance Industries, Sun Pharmaceutical Industries, HCL Technologies, Jindal Steel & Power, HDFC Bank, Dr Reddy's Laboratories and Infosys are trading lower by 0.5% - 1.2%.
Shares of Shalimar Paints Limited vaulted 18% following the company reporting a 24% jump (year-on-year) in net profit to Rs 4.69 crore in December 2012 quarter, against Rs 3.77 crore in previous year quarter. The company had posted a profit of Rs 2.78 crore in September 2012 quarter.