Markets have been directionless, with the Nifty hovering around the 5580 mark. Some stocks from the infrastructure and power sectors have shown resilience, while stocks from the IT, auto and finance sectors are weak.
At 10:47 AM, the Nifty is at 5580, up by 13 pts or +0.23%.
Power major NTPC, is up by 1.5% at 188.90. AxisBank is up by 1.2%. Sterlite industries has moved up by 1.3%.
ICICI Bank is up by 0.3%. TCS is up by 0.8%.
Stocks in the red include Unitech – down by over 1%, JP Associates – down by 0.7%, Wipro – down by 0.7% and Maruti – which is down by over 1%.
Sun TV has lost 2.3%, while Guj NRE Coke is down by 1.2%.