Sensex up marginally amid listless early trades; Tata Motors gains 2.3%

Last Updated: Wed, Sep 25, 2013 04:23 hrs

The Indian stock market is quite subdued this morning with investors mostly treading cautiously amid a lack of fresh triggers. A mixed trend in Asian markets and a weak close on Wall Street overnight amid concerns about the outlook for the U.S. Federal Reserve's stimulus plan is also weighing on the markets to an extent.

Capital goods, realty, power, automobile and metal stocks are mostly trading higher. Healthcare and bank stocks are finding some support, while information technology, FMCG, oil and consumer durables stocks are subdued.

The BSE benchmark Sensex, which rallied to 19,978.49 after declining to 19,897.15 in early trades, is currently up 19.26 points or 0.1% at 19,939.47. The Nifty index of the National Stock Exchange is up 6.50 points or 0.11% at 5898.95, after declining to 5885.70 in opening trades.

BHEL and Larsen & Toubro, the capital goods sector heavyweights, are up 2.5% and 1.6% at Rs 134.50 and Rs 839, respectively.

Tata Motors is up 2.3% following Jaguar Land Rover unveiling details of its future plans for advanced research and development in the UK. Hero Motocorp is trading nearly 2% up. Maruti Suzuki and Bajaj Auto are up 0.6% and 0.3%, respectively, while Mahindra & Mahindra is trading weak.

Tata Power is up 2%. Sesa Goa, NTPC, ICICI Bank, Cipla, State Bank of India, Jindal Steel & Power, Tata Steel, ONGC, Sun Pharmaceutical Industries and Hindustan Unilever are trading higher by 0.4% - 1%.

Punjab National Bank, Bank of Baroda, Axis Bank, IndusInd Bank, NMDC, Jaiprakash Associates, DLF, Ambuja Cements and IDFC are up 0.8% - 1.6%.

BPCL is down more than 2% at Rs 309. Ultra Tech Cement, Tata Consultancy Services, Asian Paints, HCL Technologies and Reliance Industries are trading lower by 0.4% - 1%. Bharti Airtel, HDFC Bank and Dr Reddy's Laboratories are down marginally.

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