After a slightly listless start, the Indian stock market is trading modestly higher this morning with investors taking fresh positions in shares from realty and automobile stocks after the previous session's setback. Select stocks from FMCG, information technology and banking sectors too have edged higher.
Oil, metal, healthcare and PSU stocks are a bit subdued. Capital goods and consumer durables stocks too are mostly flat at present. A few stocks from midcap and smallcap segments are finding support after suffering heavy losses in the previous session.
The BSE benchmark Sensex is up 65.23 points or 0.33% at 19,989.01 now. The Nifty index of the National Stock Exchange is up 15.25 points or 0.25% at 6034.60.
Among the gainers in the Sensex, Tata Motors tops the list with a 2.2% surge. The stock had suffered a hefty loss on Thursday following a profit warning from Jaguar Land Rover. Maruti Suzuki is up 1.8% ahead of results.
Bharti Airtel is trading nearly 2% up. Dr Reddy's Laboratories, Tata Consultancy Services, Jindal Steel & Power, Hindalco, ICICI Bank and Hindustan Unilever are up 0.5% - 1.2%. Larsen & Toubro, ITC, Infosys and HDFC are up marginally.
Tata Power, Coal India, Wipro, Mahindra & Mahindra, Sun Pharmaceutical Industries and Reliance Industries are down 0.5% - 1.5%. Hero Motocorp, ONGC and Bajaj Auto are down with modest losses.
Jaiprakash Associates, Bank of Baroda, Kotak Bank, Reliance Infrastructure and HCL Technologies are among the notable gainers in the Nifty index.
Ranbaxy Laboratories is down 1.6%. Ultratech Cement, Grasim Industries, Ambuja Cements, IDFC, Cairn India, ACC and DLF are also trading weak.