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.
HDFC Bank, Reliance Industries, Jindal Steel & Power, Tata Power, Hindalco, Tata Motors, BHEL, ONGC, Cipla, ITC, Hindustan Unilever and Larsen & Toubro are up 1% - 2.5%.
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%.
Meanwhile, GAIL India, Lupin, Bharti Airtel, Coal India, Mahindra & Mahindra, BPCL and DLF are trading weak, losing 0.5% - 1.2%.
United Breweries is trading nearly 4% up. Tata Chemicals is up by a little over 3%. Power Finance Corporation, Colgate Palmolive and Glenmark Pharmaceuticals are up 2% - 2.6%.
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.
Upper Ganges, Eastern Sugar & Industries, Bajaj Hindustan, Sakthi Sugars, Shree Renuka Sugars, Balrampur Chini Mills, Dhampur Sugar Mills, Oudh Sugar Mills and EID Parry all moved up sharply.