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Sensex up 60 points; PSU stocks continue to hog limelight

Source : SIFY
Last Updated: Sat, May 11, 2013 07:18 hrs
Investors watch share index at local share market in Chandigarh

The market is trading marginally up in positive territory amid lackluster trades in the special trading session with investors not showing any great interest in building up positions.

The Sensex is now up 60.28 points or 0.30% at 20142.90 and the Nifty is up with a gain of 19.31 points or 0.31% at 6113.80.

Dr Reddy's Laboratories is up nearly 3%. Lupin, Sun Pharmaceutical Industries and Cipla are up 0.7% - 1.8%. Asian Paints and Sesa Goa are also trading notably higher.

PSU stocks Coal India (1.4%), MMTC (8.5%), STC (8.5%), Hindustan Copper (4.6%), HMT (2.3%), Nalco (2.3%) and Neyveli Lignite Corporation (2.1%) are trading sharply higher on fairly impressive volumes.

Shares of state run oil marketing firms Hindustan Petroleum Corporation (1.2%), BPCL (1.1%) and Indian Oil Corporation (1%) are trading firm following a hike in diesel prices.

Among other stocks in the Oil & Gas index, heavyweights Reliance Industries and ONGC are up 0.3% and 0.6%, respectively. Cairn India and Petronet LNG are also trading firm, while Castrol India, Oil India and GAIL India are trading weak.

Tata Motors, NTPC, Tata Consultancy Services, HCL Technologies, Infosys, BHEL, HDFC, Mahindra & Mahindra and Ambuja Cements are trading modestly lower.

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