Information technology stocks are trading firm on the Indian bourses where the mood has turned slightly positive this afternoon, after a cautious spell. Select metal, PSU, pharmaceuticals, capital goods and oil stocks are also trading firm.
Power, FMCG and realty stocks are mostly subdued. Bank and automobile stocks are a bit weak. While midcap stocks are finding some support, smallcap stocks are exhibiting a mixed trend amid cautious trades.
Information technology bellwether Infosys is up 3.6% at Rs 2381. Wipro and Tata Consultancy Services are up with modest gains.
The Sensex is up 65 points or 0.35% at 18,536.37. At 5642,50, the Nifty is up 11.50 points or 0.2% from its previous closing mark.
Jindal Steel & Power has notched up a gain of 3.7%. Bharti Airtel is trading firm with a strong gain of 3.5%. Dr Reddy's Laboratories, ONGC, Coal India, Jaiprakash Associates, Reliance Infrastructure, Mahindra & Mahindra and Larsen & Toubro are up with sharp to moderate gains.
HDFC, HCL Technologies, Cipla, Kotak Bank, Hindalco, GAIL India and ICICI Bank are down 1% - 1.8%. Maruti Suzuki, Asian Paints, BHEL, Tata Motors, Hero Motocorp, Bajaj Auto and Cairn India are also trading notably lower.
Tata Coffee is up as much as 13% at Rs 1523, on strong volumes. On the National Stock Exchange, the Tata Coffee counter has clocked a volume of over 2 million shares today.
L&T Finance Holdings has gained 0.6% at Rs 86.60. The L&T Finance Holdings counter on NSE has clocked a volume of nearly 17 million shares today.