Markets are trading in a narrow range in the noon deals. The Sensex is up 67 points at 17,386 and the Nifty has advanced 20 points to 5,268 levels. The Sensex has traded ina range of 70 points in trades so far.
The Asian markets were trading higher. The nikkei advanced 0.3% to 9,380, Hang Seng jumped 1.2% to 21,352 and the Shanghai was also trading higher by 2% at 2,682 levels.
Back home, Hindustan Unilever is the top gainer among the Sensex stocks, up 3% to Rs 426 after reporting a 21% year-on-year (y-o-y) growth in net profit at Rs 687 crore for the fourth quarter ended March 31, 2012. Bharti Airtel is also trading higher by 2% at Rs 316 after the company reported Q4FY12 results.
DLF, TCS, Jindal Steel, HDFC Bank, Mahindra & Mahindra, ICICI Bank, hero MotoCorp, Hindalco, State Bank of India, Infosys, ITC, Tata Steel and Wipro are also among the gainers.
On the other hand, Tata Motors, Maruti Suzuki, Bajaj Auto, Coal India, Gail India, ONGC, Tata Power, NTPC, BHEL, Sterlite Industries and HDFC are among the laggards.
On the sectoral front, consumer durable and FMCG stocks are witnessing buyers interest. The BSE Consumer Durables index is the top sectoral gainer, up 2% at 6,731 levels. FMCg index has also gained 1% at 4,819 levels. IT, bankex, healthcare, realty and metal indices are also trading higher.
At the same time, auto, oil & gas, power, PSU and capital goods stocks are witnessing a mild selling pressure.
The broader markets are trading on a flat note. The BSE mid-cap index is up 22 points at 6,338 and the small-cap index has advanced 36 points to 6,801 levels.
The overall breadth is positive as 1,376 stocks are advancing while 1,171 are declining.
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