Sensex, Nifty set to end marginally up

Last Updated: Thu, May 16, 2013 09:50 hrs

The market, which rallied fairly smartly after briefly slipping into the red earlier this afternoon, has given up some gains once again due to selling at higher levels. With just a few more minutes to go for the bell and not any significant buying taking place, the indices look set to end with modest gains today.

Activity has been mostly stock specific today with recent results and company specific news setting the trend. After Wednesday's splendid gains, investors appear a bit reluctant to indulge in any fresh buying today.

The Sensex is up by around 44 points or 0.22% at 20,257, while the Nifty is up with a gainof 25.65 points or 0.4% at 6172.40.

Realty stocks are trading firm. Indiabulls Real Estate, Oberoi Realty, Anant Raj Industries, HDIL and Prestige Estates are trading higher by 3.5% - 5.3%. DLF, Godrej Properties, Parsvnath Developers, Sobha Developers and Unitech are also up with impressive gains.

Reliance Industries (2.5%) and Oil India (3%) are the star performers in the oil space. BPCL, Hindustan Petroleum Corporation and ONGC are also trading notably higher.

Among the stocks in the healthcare index, Lupin, Dr Reddy's Laboratories, Glenmark Pharmaceuticals, Cipla, Ranbaxy Laboratories and Cadila Healthcare are up 1% - 3.3%. Apollo Hospitals is up more than 8% following the company finding a place in the MSCI India index.

In the banking space, Axis Bank, HDFC Bank, ICICI Bank, State Bank of India, Federal Bank, IDBI Bank, IndusInd Bank and Yes Bank are up 1% - 3%.

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