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.
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.
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.