Oil, capital goods and FMCG stocks are trading firm on the Indian bourses, where the undertone remains quite firm this afternoon. Select power stocks too are trading higher.
Metal and PSU stocks are off their highs. Bank and information technology stocks are mostly trading flat, while automobile, healthcare and realty stocks are trading weak.
The Sensex is up 80 points or 0.4% at 20,119.04. The Nifty index of the National Stock Exchange is up with a gain of 20.20 points or 0.33% at 6084.60.
Reliance Infrastructure is up 3.7% on strong buying support. Reliance Industries continues to trade firm, despite paring some gains. At Rs 925, well off the day's high of Rs 955, the index heavyweight is up 2.7% from its previous closing price.
BHEL is up 2.3%. Larsen & Toubro, Cairn India, Maruti Suzuki, Jaiprakash Associates, Hindustan Unilever, Bharti Airtel, ITC, IDFC, Dr Reddy's Laboratories, GAIL India and Jindal Steel & Power are up 1% - 1.6%.
DLF is trading 2.4% down. Sun Pharmaceutical Industries is down with a loss of 2%. Ultratech Cement is trading lower by 1.8%. Tata Motors, Tata Consultancy Services, NTPC, Cipla, Coal India and Power Grid Corporation are also trading notably lower.
HDFC is trading marginally down at Rs 820. The company has announced that it has posted a net profit of Rs 1140.10 crore for the quarter ended December 31, 2012 as compared to Rs 981.25 crore for the quarter ended December 31, 2011. Total income increased from Rs 4472.51 crore for the quarter ended December 31, 2011 to Rs 5250.40 crore for the quarter ended December 31, 2012.