The market, which moved up smartly after a slightly cautious and listless start, has gained further ground in positive territory now thanks to sustained buying in several blue chip stocks.
Information technology stocks are in demand this morning. Realty, bank and capital goods stocks too have gained signficant ground in positive territory. Select consumer durables, power and PSU stocks are trading firm.
After a weak start, automobile stocks have edged higher, with investors tracking April sales numbers. Select healthcare and oil stocks are off their early lows. FMCG stocks are a bit subdued after recent strong gains.
, which advanced to 19,667.87, is now up 155.33 points or 0.8% at 19,659.51. The Nifty
index of the National Stock Exchange is up 46.40 points or 0.8% at 5976.60. Mahindra & Mahindra
has rallied to Rs 948, gaining 2.7%. Hero Motocorp is up 1.2% at Rs 1665 and Maruti Suzuki
is up with a gain of 0.7% at Rs 1680. Bajaj Auto
is up marginally at Rs 1886.40. Bajaj Auto has reporting a 10% drop in vehicles sales in April 2013, as compared to its sales in April 2012. Tata Motors
is also trading weak. Tata Consultancy Services
is trading 2.7% up. Infosys
is up 1.6% and Wipro
is trading higher by about 1.3%. HDFC
is up nearly 2%. State Bank of India
, Jindal Steel
& Power, Sun Pharmaceutical
Industries, Larsen & Toubro
, ICICI Bank
, HDFC Bank
are trading higher by 1% - 1.8%. ONGC
, Tata Steel
are also trading firm. Bharti Airtel
, which declined to around Rs 303 after the company reported lower than expected earnings for the January - March quarter, has recovered well and is currently trading at Rs 320, netting a modest gain of about half a percent. GAIL India
is down 1.6% at Rs 345.80. Hindustan Unilever
, which saw some hefty gains in recent sessions, is down more than a percent this morning on profit taking. Coal India
, Dr Reddy's
Laboratories, Tata Power
are down 0.2% - 0.8%.