Sensex up marginally amid cautious trades

Last Updated: Tue, Dec 04, 2012 04:23 hrs

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, Lupin, DLF, Jaiprakash Associates and Siemens 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, Infosys, Hero Motocorp, Hindustan Unilever, Tata Consultancy Services and Wipro are down 0.3% - 0.7%. Ultratech Cement, Kotak Bank and ACC are also trading weak.

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