The market is slightly listless in early trades this morning with investors treading somewhat cautiously amid a lack of triggers. With the U.S. markets closed for a holiday overnight and Asian markets trading lower this morning, investors are a bit wary of indulging in any big buying for now.
Metal, realty and power stocks are finding some support, while information technology, consumer durables and FMCG stocks are slightly weak. Bank, automobile and healthcare stocks are trading mixed.
The BSE benchmark Sensex is up 9.80 points or 0.06% at 20,111.82. The Nifty index of the National Stock Exchange is up 7 points or 0.12% at 6089.30.
Among the early gainers in the Sensex, Mahindra & Mahindra, Jindal Steel & Power, NTPC, Sun Pharmaceutical Industries, Reliance Industries, Hindustan Unilever, Bajaj Auto and Cipla are up 0.5% - 1.3%.
Asian Paints, up 1.5%, is the top gainer in the Nifty index. Cairn India has gained 1.4% on impressive results. ACC, Jaiprakash Associates, Ranbaxy Laboratories and Bank of Baroda are also trading higher.
GAIL India, Bharti Airtel, Lupin, HCL Technologies, Dr Reddy's Laboratories, ONGC, Tata Motors, Hero Motocorp, Ultratech Cement, State Bank of India, BPCL and ITC are down 0.5% - 1.5%.