With investors getting out of counters at every small rise in values, the market is having a choppy ride today. Amid a lack of prominent triggers, traders appear none too keen on building up positions today. Due to expiry of May series derivatives contracts this Thursday, movements are a bit volatile at some front line counters.
At 18,708.78, the Sensex is now up 27.36 points or 0.15% from its previous close. The Nifty is up 6.60 points or 0.1% at 5640.45.
FMCG heavyweights Hindustan Unilever and ITC are up 1.8% and 1.7%, respectively.
HDFC is trading 1.5% up. Coal India and Tata Motors are also trading higher by around 1.5%. Bhart Airtel is up with a gain of 1.3%. Wipro, Tata Consultancy Services, HDFC Bank and ICICI Bank are up with modest gains.
GAIL India is trading lower by 3.7%. The stock is down on reports that Tamil Nadu government has blocked work on Kochi-Bengaluru gas pipeline.
Reliance Industries is down with a loss of 2.2%. Larsen & Toubro, Tata Steel, State Bank of India and Tata Power are down 1.2% - 1.8%. BHEL, Dr Reddy's Laboratories, Mahindra & Mahindra, Cipla and Jindal Steel & Power are also trading weak.
Muthoot Finance is trading 4.5% up. Adani Ports, REC, L&T Finance Holdings, NHPC, Engineers India and Berger Paints are up 2% - 2.4%.
Ranbaxy Laboratories, Castrol India, Wockhardt, Piramal Enterprises, McLeod Russel, Emami, Titan Industries, Marico, IndusInd Bank, Dabur India and Gitanjali Gems are also up with strong gains.
Syndicate Bank is down by over 5%. IFCI, HDIL, Aurobindo Pharma, Oberoi Realty, Colgate Palmolive, Unitech, MMTC, Siemens, Oriental Bank of Commerce, Reliance Communications, Sun TV Network, Ambuja Cements and Reliance Infrastructure are also down with sharp losses.