It's a listless start for stocks on the Indian bourses this morning with investors looking for some clear direction for the near term.
The BSE benchmark Sensex, which declined to 19,393.68 after surging to 19,471.15, is currently up 8 points or 0.04% at 19,432.05. The Nifty index of the National Stock Exchange is up 3 points or 0.05% at 5910.40. Earlier, after rising to 5916.90, the Nifty drifted down to 5894.20.
Realty stocks are mostly trading higher. Power, automobile, information technology and bank stocks are finding modest support, while metal, oil, healthcare and capital goods stocks are a bit subdued.
Wipro is trading nearly 2% up. Tata Motors
, GAIL India
, Coal India
and Tata Power
are up 1% - 1.4%. Hero Motocorp, Tata Steel
, Hindustan Unilever
and Maruti Suzuki
are also trading firm.
Reliance Infrastructure, DLF
, HCL Technologies
, Bank of Baroda
, Asian Paints
, Punjab National Bank
are trading firm.
Sesa Goa is trading lower by 2.2%. IDFC
, Cairn India
, Ultratech Cement, Bharti Airtel
, Jindal Steel
& Power, ITC, BPCL
, Grasim Industries
, Tata Consultancy Services
and Mahindra & Mahindra
are also trading weak.
IndusInd Bank (1%), United Spirits
(2%) and Karnataka Bank
(2%) are up on strong volumes. Pantaloon Retail
is down 2.4% at Rs 236 on huge volumes.