Amid stock specific activity, the benchmark indices Sensex and Nifty, which had briefly slipped into negative territory earlier in the day, are up in positive territory with modest gains now, thanks to some strong buying in a few blue chips from FMCG, power, realty and information technology sectors.
A few stocks from consumer durables, automobile and healthcare sectors are also trading higher. Bank and capital goods stocks are mostly flat, while metal stocks are trading weak.
The Sensex is now up 48.68 points or 0.25% at 19,335.40. At 5888.65, the Nifty is up 17.20 points or 0.3% from its previous close.
FMCG heavyweight Hindustan Unilever is up nearly 5% at Rs 486.80. On a standalone basis, Hindustan Unilever has posted a net profit of Rs 3796.67 crore for the Year ended March 31, 2013 as compared to Rs 2691.40 crore for the Year ended March 31, 2012. Total income increased from Rs 22,394.68 crore for the Year ended March 31, 2012 to Rs 26,417.11 crore for the Year ended March 31, 2013.
On consolidated basis, the Hindustan Unilever Group posted a net profit after taxes, minority interest and share of profit of associates of Rs 3828.98 crore for the Year ended March 31, 2013 as compared to Rs 2790.66 crore for the Year ended March 31, 2012.
ITC is up nearly 1.5%. Tata Global Beverage is trading 2.3% up, while Godrej Cconsumer Products is trading higher by about 1.5%. United Spirits is up nearly a percent, while Colgate Palmolive and Dabur India are up with modest gains.
Realty stock Indiabulls Real Estate is up nearly 7%. HDIL, Anant Raj Industries, DLF, Sobha Developers and Unitech are up 1.5% - 2.5%. Godrej Properties and Oberoi Realty are up with modest gains, while Parsvanth Developers, Phoenix Mill and Prestige Estates are trading weak.
Reliance Infrastructure, IndusInd Bank, Hero Motocorp, HCL Technologies, Jaiprakash Associates, Grasim Industries, Cairn India and BHEL are up 1.5% - 4.5%.
Exide Industries Ltd has posted a net profit after tax of Rs 146.46 crore for the quarter ended March 31, 2013 as compared to Rs 142.52 crore for the quarter ended March 31, 2012. At Rs 136.50, the stock is currently down nearly 2% from its previous closing price.