With buying in blue chip stocks from FMCG, power and information technology sectors gaining some momentum, the market has moved up smartly in late afternoon trade today. With stocks from consumer durables, bankng and automobile sectors too edging higher, the market looks headed for a fairly bright close today.
A few stocks from oil and PSU sections have moved up as well. Healthcare, capital goods and metal stocks are somewhat mixed, amid alternate bouts of buying and selling.
The Sensex, which spurted to 19,428.94, is now up 119 points or 0.62% at 19,405.72. The Nifty is up with a gain of around 36.50 points or 0.62% at 5908.
FMCG major Hindustan Unilever (up 6.5% at Rs 495) is up sharply on better than expected quarterly results.ITC has gained over 1.5%. Godrej Consumer Products,
Tata Global Beverage and United Spirits are up 1.2% - 2.5%. Colgate Palmolive, Nestle India and Jubilant Foodworks are up with modest gains, while Dabur India and United Breweries are slightly weak.
Among the stocks in the BSE IT index, HCL Technologies, Financial Technologies, Wipro, Oracle Financial Services and Tech Mahindra are up 2.2% - 3.3%. Mahindra
Satyam is up 1.8% and Infosys is trading 0.8% up, while Tata Consultancy Services is up with a modest gain of 0.3%.
Consumer durables stocks Bajaj Electricals, Gitanjali Gems, Titan Industries, TTK Prestige, VIP Industries and Videocon Industries are up 1.5% - 4.5%.
Hero Motocorp is up more than 4% on strong results. Sterlite Indsutries is trading 2.5% up. ONGC, BHEL, Mahindra & Mahindra, ICICI Bank, NTPC, HDFC Bank, Maruti
Suzuki, Bajaj Auto and Tata Power are also trading notably higher.