Markets are trading cautious with early trades moving the indices marginally in the green. Capital goods and infrastructure stocks have recovered while the stocks from non ferrous metal sector are looking bleak.
At 9:54 AM, the Nifty is at 4860, up by 14 pts or 0.3%.
Reliance Infra is up by 3.3%. Punj lloyd has gained 5% to trade at 57.15. JPAssociates is up by 4.3%. BHEL is up by 1.9%, while L&T is up by 0.6%.
ICICI bank is up by 1.2%. HDFC Bank is up by 1.3%. SBI is also up by 1%.
Non ferrous metal stocks have seen declines. Hindalco is down by 1.8%. Ore major Sesagoa is down by 4.5%.
NTPC is down by 0.9%. GAIL is also down by 1%.