Sensex up marginally as select heavyweights rebound

Last Updated: Thu, Mar 28, 2013 09:29 hrs

​After a long spell in negative territory, the market has edged up marginally thanks to some strong buying, presumably on short-covering, in metal, PSU, capital goods and information technology stocks.

Select healthcare, consumer durables and bank stocks have come off their lows. Oil, FMCG and power stocks are mostly flat, while realty and automobile stocks continue to trade weak.

At 18,724.90, more than 150 points off the day's low of 18,568.43, the Sensex is now up 20.37 points or 0.11% from its previous close. The Nifty is up 7.30 points or 0.13% at 5648.90, more than 40 points off the day's low of 5604.85.

Hindalco has spurted nearly 4%. GAIL India is up 3.7% and HCL Technologies has notched up a gain of 3.3%. IDFC, ONGC, Sesa Goa, Bank of Baroda and Coal India are trading higher by 2.3% - 3%.

Lupin, Kotak Bank, Siemens, Larsen & Toubro and Infosys are up 1% - 1.6%. Tata Power, Dr Reddy's Laboratories, BPCL, Ambuja Cements, State Bank of India, Tata Steel and Tata Consultancy Services are also trading higher.

Jindal Steel & Power is down more than 3.5%. DLF is down with a loss of 3.2%. Hero Motocorp, Tata Motors and Cairn India are trading lower by 2.2% - 2.8%.

Bharti Airtel, Bajaj Auto, Mahindra & Mahindra, Reliance Industries, Hindustan Unilever and NTPC are also down with notable losses.

Junior Nifty stock Adani Ports is up as much as 7.3%. JSW Steel, Canara Bank, Apollo Hospitals Enterprises, Dabur India and Reliance Communications are up 3% - 5.2%.

SAIL, Bank of India, Adani Enterprises, Shriram Transport Finance, Union Bank of India, Hindustan Petroleum Corporation, Exide Industries, Biocon, Reliance Power, IndusInd Bank, Reliance Capital, Glaxo Smithkline Consumer Healthcare and Tech Mahindra are also up with strong gains.

Godrej Properties, Bharat Forge, Glenmark Pharmaceuticals, Power Finance Corporation, Divi's Laboratories, Aditya Birla Nuvo and Mphasis are trading weak, losing 1% - 5%.

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