With the mood remaining fairly bullish, the market, which opened on a firm note on positive global cues, continues to trade with notable gains this afternoon. However, the key indices are off their highs, due to a mild bout of profit taking in some blue chip stocks.
At 19.551.45, around 90 points off the day's high of 19,640.27, the Sensex is now up 140.61 points or 0.72% from its previous closing mark. The Nifty is up 39 points or 0.65% at 5875.95, around 25 points off the day's high of 5900.45.
IDFC, topping the list of Nifty gainers, is up 3.7% at Rs 128.60. Jaiprakash Associates is up nearly 3.5%. NMDC, Axis Bank, Bank of Baroda, Ranbaxy Laboratories, Sesa Goa, Asian Paints and Punjab National Bank are trading higher by 1% - 2.5%.
Exide Industries, Aditya Birla Nuvo, Divi's Laboratories, Apollo Hospitals, REC, Container Corporation, Bajaj Holdings, Bosch, Shriram Transport Finance, JSW Steel and Tata Global Beverage are also trading notably higher.
Sugar stocks are in demand today following the government deciding to raise the import duty on sugar to 15% from the existing 10% in order to curb imports.