With a few blue chip stocks giving up some gains on profit taking, the market has come off its higher levels in late afternoon trade today. Still, with quite a number of stocks trading firm, the key indices Sensex and Nifty look set for a fairly positive close.
The Sensex is now up 111.60 points or 0.58% at 19,290.96, nearly 90 points off the day's high. The Nifty is up 37.10 points or 0.6% at 5874, around 35 points off the day's high of 5909.75.
Dr Reddy's Laboratories spurted to a new high as it soared to Rs 2000. At Rs 1994, the stock is currently up nearly 5% from its previous closing price. Grasim Industries
is up 4.2% at Rs 2988 and Tata Motors
is trading 3.7% up at Rs 291. Cairn India
, Maruti Suzuki
, Axis Bank
are up 3% to 3.6%.
ACC is up with a gain of 2.7%. Index heavyweight Reliance Industries
, Ambuja Cements
, Kotak Bank, GAIL India
and Bajaj Auto
are up 2% - 2.4%.
IndusInd Bank, Mahindra & Mahindra
, Ultratech Cement, State Bank of India
, Reliance Infrastructure
, Tata Steel
, Sesa Goa
, Coal India
, Sun Pharmaceutical
Industries, Punjab National Bank
and Bank of Baroda
are also trading notably higher.
Tata Consultancy Services is down 1.8%. Other IT majors HCL Technologies
are also trading notably lower.
Hindustan Unilever is down with a loss of 1.3%. DLF
, Ranbaxy Laboratories
, Jindal Steel
& Power and Power Grid Corporation
are also trading weak.
United Phosphorus is up nearly 3% after the company said its consolidated net profit rose nearly 38% to Rs 278.40 crore in the March 2013 quarter. Total income saw a 32.4% growth to Rs 2838.97 crore in the quarter, the company said.