Dr Reddy’s Labs is the top Sensex gainer, up 1% at Rs 1,740. Wipro, Tata Motors, Mahindra & Mahindra, Sterlite Industries, Hindalco and Tata Steel hve also opened higher by 0.5-0.8% each. On the other hand, BHEL, GAIL India, Maruti Suzuki, Bajaj Auto, ONGC, Hero MotoCorp, State Bank of India, Sun Pharma and HDFC are among the laggards, down 0.1-1% each.
All the sectoral indices have opened flat. The BSE consumer durables index witha gain of 0.6% is the top gainer. Healthcare, teck, metal, FMCG, auto, IT and capital goods are up 0.2-0.4% each. At the same time, realty and banking indices have opened marginally lower owing to selling pressure in the heavyweights from the respective sectors.
Glenmark Pharmaceuticals has surged 6% to Rs 419 on the Bombay Stock Exchange after reporting about three fold jump in its consolidated net profit at Rs 157 crore for the quarter ended September 30, 2012, mainly on account of robust sales across all segments.