It's quite a subdued start for stocks on the Indian bourses this morning with investors treading cautiously in early trades, tracking weak cues from Asian markets.
While select stocks from oil, power, realty and healthcare sectors are trading higher, shares from information technology, FMCG, automobile and metal sectors are mostly flat. Capital goods stocks are trading mixed.
The BSE benchmark Sensex, which declined to 19,274.03 in early trades, is currently up 6.37 points or 0.03% at 19,311.69. The Nifty index of the National Stock Exchange is up 3.05 points or 0.06% at 5874.
BHEL is up nearly 2% at Rs 241.60. Jindal Steel
is trading 1.4% up at Rs 411, while Reliance Industries
is up nearly a percent at Rs 811.60.
Pharma majors Dr Reddy's
Laboratories, Sun Pharmaceutical
Industries and Cipla
are trading higher by 0.6% - 0.7%.
GAIL India, State Bank of India
, Tata Motors
, Tata Power
and Coal India
are up with modest gains.
BPCL, up 1.8%, is the top gainer in the Nifty index. Ranbaxy Laboratories
is trading 1.6% up. IDFC
, Power Grid Corporation
, Jaiprakash Associates
are also trading higher.
Mahindra & Mahindra is down 0.8% on profit taking after the previous session's upmove. ITC
is also trading lower by around 0.8%. Hindalco
, Tata Steel
, Hero Motocorp, Hindustan Unilever
, Tata Consultancy Services
are down 0.3% - 0.7%. Ultratech Cement, Kotak Bank and ACC
are also trading weak.