The market, continuing to move in a tight band, looks set to end the session with modest gains, thanks to a firm trend in oil, realty and information technology stocks. Metal and bank stocks are trading mixed. Pharmaceuticals stocks have come off their higher levels.
Automobile, power, capital goods and FMCG stocks are mostly trading flat amid lackluster moves by investors. Even as large cap stocks struggle to make a significant headway, several stocks from midcap and smallcap segments have moved up sharply on strong buying support.
The Sensex is up 59.95 points or 0.27% at 19,769.19 now. At 6010.80, the Nifty is up 17.55 points or 0.29% from its previous closing mark.
Dr Reddy's Laboratories, Cairn India, DLF, ONGC, Bharti Airtel, Reliance Industries, Infosys, Tata Consultancy Services, IDFC, Ambuja Cements and State Bank of India are up 1% - 2.5%.
Tata Power, Lupin, Sun Pharmaceutical Industries, Maruti Suzuki, Ultratech Cement, ITC, Hero Motocorp, GAIL, Hindalco, Cipla, Jindal Steel & Power, Larsen & Toubro and HDFC Bank are trading weak.
Midcap stocks Manappuram Finance and Muthoot Finance are up 20% and 12%, respectively. Indiabulls Financial Services and Cholamandalam Finance are up 6% and 5.6%, respectively.
Sun Pharma Advanced Research, Hexaware Technologies, Jet Air India, Allcargo Logistics, Anant Raj Industries, United Phosphorus, Indian Hotels, Bajaj Finance, Godrej Industries, MTNL, Mahindra & Mahindra Financial Services and Shriram City Union are up 3.5% - 6%.