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 and NTPC 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, Hindalco and Bajaj Auto are up 2% - 2.4%.
IndusInd Bank, Mahindra & Mahindra, Ultratech Cement, State Bank of India, Reliance Infrastructure, HDFC, Cipla, Tata Steel, Sesa Goa, Coal India, Sun Pharmaceutical Industries, Punjab National Bank, IDFC, ONGC and Bank of Baroda are also trading notably higher.
Tata Consultancy Services is down 1.8%. Other IT majors HCL Technologies, Infosys and Wipro 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.