Sensex, Nifty pare some gains

Last Updated: Tue, Oct 09, 2012 08:48 hrs
People walk pass BSE building in Mumbai

After a fairly good spell in positive territory, the market pared a substantial portion of this gains this afternoon with investors booking some profits in automobile, oil and power stocks.

Shares from realty, metal and information technology sectors too are off their highs. Bank, capital goods, FMCG and healthcare stocks are finding some support.

The Sensex, which retreated to 18,722, from 18,885.84, is currently at 18,774.78, up 65.80 points or 0.35% from its previous closing mark. The broader 50-stock Nifty index of the National Stock Exchange is up 21 points or 0.37% at 5697, more than 30 points off the day's high of 5728.85.

Sun Pharmaceutical Industries is up 2.5% at Rs 726. Larsen & Toubro is trading 2% up at Rs 1628. Ultratech Cement, Cipla, Ranbaxy Laboratories, Dr Reddy's Laboratories, Power Grid Corporation, Tata Power, Lupin, BPCL, ITC, Hindustan Unilever and ICICI Bank are trading higher by 1% - 1.8%.

Kotak Bank, Jindal Steel, Sesa Goa, Tata Steel, Hero Motocorp, Infosys, HDFC Bank and Maruti Suzuki are also holding on in positive territory with notable gains.

BHEL, Bharti Airtel and Hindalco are down 2% - 2.2%. Tata Motors and Bajaj Auto are trading lower by 1.4% and 1.3%, respectively. ACC, NTPC, DLF, Reliance Infrastructure, Siemens, Grasim Industries and Bank of Baroda are also trading weak.

Idea Cellular, Adani Enterprises, Reliance Communications, Exide Industries, Adani Ports, IndusInd Bank, and Torrent Power are down with sharp to moderate losses.

United Spirits has gained 5.5% on strong volumes. Biocon and Glenmark Pharmaceuticals are up more than 3%. Power Finance Corporation, REC, Aditya Birla Nuvo, Yes Bank, Divi's Laboratories, Container Corporation, Cummins India and Titan Industries are up 1.5% - 2.7%.

More from Sify: