After a firm start amd a subsequent sharp fall from higher levels, the market has regained some lost ground now with select capial goods, metal, power and oil stocks attracting buyers. Bank and realty stocks are mostly trading flat. Information technology, automobile and healthcare stocks are trading weak.
The Sensex, which tumbled to 19,568.49 afer rising to 19,833.14 in early trades, is currently at 19,667.48, down 6.85 points or 0.03% from its previous close. The Nifty index of the National Stock Exchange is up marginally at 5968.85, having recovered from a low of 5936.80.
Sun Pharmaceutical Industries is trading lower by around 2.4%. Hindalco
, State Bank of India
, Jaiprakash Associates
are down 1.5% - 2%. Tata Motors
, Bharti Airtel
, Tata Consultancy Services
and Ranbaxy Laboratories
are also trading notably lower.
Tata Steel has come off its higher levels, but at Rs 310.50, still remains well placed in positive territory with a strong gain of 3.7%. BPCL
and Reliance Infrastructure
are trading higher by 2% - 2.8%.
NTPC, Cairn India
, ICICI Bank
, Larsen & Toubro
and Tata Power
are also up in positive territory with notable gains.
United Spirits is up 3.5% on fairly impressive volumes. LIC Housing Finance
is trading higher by 2.2%. Adani Ports, Reliance Power
, Aditya Birla Nuvo
, Hindustan Petroleum Corporation
, Power Finance Corporation
, Reliance Communications
, Mphasis and Crompton Greaves
are up 1.3% - 2%.
Oracle Financial Services is down more than 3% on profit taking after recent strong upmove. Glenmark Pharmaceuticals
, Bank of India
, Canara Bank
and Tata Chemicals
are down 1.3% to 2.6%.