Sensex, Nifty remain in positive territory

Last Updated: Thu, May 16, 2013 06:05 hrs

Thanks to sustained buying in several blue chip stocks from oil, healthcare, banking, capital goods and realty sectors the market remains well entrenched in positive territory this morning.

Automobile, power and metal stocks are off their earlier highs. Information technology and FMCG stocks are trading weak. Midcap and smallcap stocks are faring reasonably well.

At 20,280.15, nearly 50 points off the day's high of 20,326.48, the Sensex is now up 67.19 points or 0.33% from its previous close. The Nifty index of the National Stock Exchange is up 26.55 points or 0.43% at 6173.30, off the day's high of 6187.30.

Dr Reddy's Laboratories is trading stronger by 3.7%. Jaiprakash Associates, Grasim Industries, Cipla, BHEL, BPCL, IDFC, Reliance Infrastructure and Reliance Industries are up 2% - 3.3%.

ICICI Bank, ONGC and State Bank of India are up by around 1.8%. Bank of Baroda, Axis Bank, Ranbaxy Laboratories, Cairn India, Sesa Goa, Larsen & Toubro, Power Grid Corporation, Tata Steel, IndusInd Bank and GAIL India are up 1% - 1.6%.

Bajaj Auto, ACC, HDFC Bank, BHEL, Mahindra & Mahindra, Punjab National Bank, DLF and NTPC are also up in positive territory.

Tata Consultancy Services, Infosys, Jindal Steel & Power, ITC, Tata Motors, NMDC and Maruti Suzuki are trading lower by 0.3% - 1.2%.

Apollo Hospitals Enterprises, up 8.5%, is the top gainer in the Junior Nifty index. Adani Ports and Special Economic Zone share are up nearly 8% following a sharp 196.6% jump in the company's bet profit at Rs 710.31 crore for the quarter ended March 31, 2013.

Glaxo Smithkline Consumer Healthcare and Mphasis are up 6% and 5.5%, respectively. Hindustan Petroleum Corporation, United Phosphorus, IDBI Bank, Adani Enterprises, Glenmark Pharmaceuticals, Yes Bank, Aditya Birla Nuvo, Reliance Capital, Canara Bank, LIC Housing Finance, Godrej Properties, Glaxo Smithkline Pharmaceuticals, Siemens and Reliance Power are also up with strong gains.

United Spirits is down 1.7% at Rs 2265, after rising to Rs 2323 in early trades. The company has posted a net profit of Rs 320.79 crore for the year ended March 31, 2013 as compared to Rs 342.76 crore for the year ended March 31, 2012.

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