Movements are quite listless on the Indian bourses this morning, where the mood is cautious following a weak lead from global markets. Though select stocks from realty, oil, healthcare and information technology stocks are up in positive territory, investors mostly seen refraining from indulging in any big buying so far.
Automobile, capital goods, FMCG and metal stocks are mostly flat at present. Bank and power stocks are trading mixed. Some midcap and smallcap stocks have moved up smartly, after the previous session's sharp setback.
The BSE benchmark Sensex, which rebounded to 19,366.64 after declining to 19,299.53, is currently up 13.71 points or 0.07% at 19,339.07. The Nifty index of the National Stock Exchange is at 5852, down slightly from its previous close. The Nifty had earlier surged to 5862.30 after easing to 5837.75.
Sun Pharmaceutical Industries is up nearly 1.5% at Rs 807. Wipro and ONGC are up by a little over 1% at Rs 410 and Rs 325, respectively. GAIL India, ICICI Bank, Reliance Industries, Infosys, Tata Power, Bharti Airtel, ITC and Cipla are up 0.4% - 0.8%.
Realty stock DLF is up 1.2% at Rs 275.75. Power Grid Corporation, IDFC, HCL Technologies, Grasim Industries, Axis Bank and Kotak Bank are also trading in positive territory.
HDFC is down with a loss of 1.6%. Tata Motors is trading lower by around 1.5%. Mahindra & Mahindra, Hero Motocorp, Maruti Suzuki, Jaiprakash Associates, BHEL, Hindalco, Hindustan Unilever, Lupin, Coal India, NTPC and Larsen & Toubro are down 0.6% - 1%.
Jet Airways has declined by over 4% to Rs 537 on strong volumes. On the National Stock Exchange, over 5.3 lakh shares have changed hands so far at the Jet Airways counter this morning.
Gujarat Gas Company Limited shares are up nearly 2% at Rs 296 on strong results. On a consolidated basis, the company's net profit surged 182.40% to Rs 70.60 crore on 17.93% increase in net sales to Rs 756.50 crore in the October - December 2012 quarter, as compared to the corresponding quarter last year.