Sensex up 71 points amid stock specific activity; HCL Tech gains nearly 4%

Last Updated: Tue, Feb 11, 2014 09:06 hrs

Key Indian stock indices Sensex and Nifty continue to hold in positive territory even as investors remain somewhat wary of indulging in any aggressive buying ahead of crucial economic data due for release tomorrow and on Friday.

The Sensex, which rose to 20,443.35 in early trades today, is currently up 70.71 points or 0.35% at 20,404.98. The Nifty is up 17.5 points or 0.28% at 6070.50.

HCL Technologies is up nearly 4% at Rs 1471. Tata Motors is up 2.8% on strong results. Jaiprakash Associates is trading higher by 2.3%. Tata Steel, BPCL, HDFC, ONGC, Tata Power, ICICI Bank and IDFC are up 1% - 1.6%.

Reliance Industries is down 1.7% following the Delhi Chief Minister Arvind Kejriwal alleging that Reliance Industries is charging double for gas from the KG-D6 gas block.

Hero Motocorp is trading lower by 1.8%. Hindalco and Punjab National Bank are down by a little over 1.5%. Power Grid Corporation, Bharti Airtel, Ultra Tech Cement, NTPC, DLF and Jindal Steel & Power are also trading notably lower.

Meanwhile, according to the data released by the trade ministry, trade deficit for January came in at $9.92 billion compared to $10.14 billion in December last year. Exports were up 3.8% on a year-on-year basis at $26.75 billion. It was $26.35 billion in December last year, while imports were down 18.1% on a year-on-year basis at $36.67 billion.

Gold and silver imports were down 18.9% at $1.72 billion (year-on-year), and crude oil imports declined 10.1% (year-on-year).

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