The market, which opened higher this morning, despite weak global cues, continues to trade in positive territory thanks to some strong buying in a few front line stocks from across various sectors.
The overall mood, however, is a bit cautious with investors playing it somewhat safe ahead of the reporting season.
Automobile stocks are among the top gainers this morning. Shares from realty,healthcare, oil an capital goods sectors too are trading firm. A few stocks from banking, power and information technology sectors are also up in positive territory. Metal, consumer durables and FMCG stocks are trading slightly weak.
Tata Motors is up more than 4.5% at Rs 328.60 following a rating upgrade of the stock by research firms CLSA and Credit Suisse. While, CLSA has upgraded Tata Motors from "buy" to "outperform", Credit Suisse has upgraded the stock to "outperform" from "underweight".
GAIL India, Cipla, Bharti Airtel, BPCL, State Bank of India, Punjab National Bank, DLF, Sun Pharmaceutical Industries, HCL Technologies, ONGC, Reliance Industries, Siemens, Hindalco, Ranbaxy Laboratories, Bank of Baroda, Larsen & Toubro, Sesa Goa and Infosys are up 0.5% - 1.5%.
Chemfab Alkalis has vaulted 18% following the company reporting over two-fold jump in net profit at Rs 6.86 crore for the third quarter ended December 2012 on the back of higher sales. The company had profit of Rs 2.81 crore during the previous quarter.
EPC Industries Limited shares jumped more than 8% this morning. The company had posted a gain of 10% in the previous session, following an announcement that Reliance Net has acquired more than 5% stake in the company via open market transaction on Tuesday.