After an early upmove amid selective buying, the market retreated to lower levels this morning with a section of investors taking some profits, cashing in on recent gains. With a slew of economic data due for release during the week, the mood is somewhat cautious at present.
The Sensex, which declined to 19,640.38 from a high of 19,737.13, is now up 7.35 points or 0.04% at 19,690.58. The Nifty index of the National Stock Exchange is up 5 points or 0.08% at 5950.70, after declining to 5935.65 from a high of 5961.80.
Metal, information technology and bank stocks are a bit subdued amid a mild bout of selling pressure. Healthcare, realty, power and oil stocks are finding some support, while automobile and capital goods stocks are mostly flat.
Metal stocks Hindalco
, Sterlite Industries
and Jindal Steel
& Power are trading lower by 1% - 1.4%. Tata Steel
is down with a loss of 0.4%.
Automobile stocks Hero Motocorp and Bajaj Auto
are down 1.1% and 0.9%, respectively. Tata Motors
is trading lower by 0.3%. IT stocks Tata Consultancy Services
(down 1%) and Infosys
(down 0.6%), telecom stock Bharti Airtel
(down 0.9%) and private sector bank stocks HDFC Bank
(down 0.8%) and ICICI Bank
(down 0.5%) are also trading weak.
Coal India is trading higher by over 2%. Sun Pharmaceutical
Industries and Mahindra & Mahindra
are up 1.8% and 1.6%, respectively. HDFC
is up 1.4% and Hindustan Unilever
is trading 1.1% up. Maruti Suzuki
, Reliance Industries
and Tata Power
are up with modest gains.
Siemens, up 3.75%, is the top gainer in the Nifty index. Ranbaxy Laboratories
is up 2.2%. HCL Technologies
, Asian Paints
, Axis Bank
, Bank of Baroda
and Reliance Infrastructure
are also trading higher.
Core Projects, Opto Circuits, ABB
, Jet Air India, Berger Paints
, Britannia Industries
, Astrazenca Pharma, Hexaware Technologies
, Aurobindo Pharma
, GMR Infrastructure
, Pantaloon Retail
, Lanco Infratech
and Crompton Greaves
are all trading in positive territory with impressive gains.