The market continue to trade near day's high with the Nifty holding the 6050 level in afternoon trade on buying in technology, banks and auto stocks, but the selling in oil & gas stocks capped the upside.
The BSE Sensex is up 87.45 points at 20237.30, and the Nifty is up 24.95 points at 6054.15.
State-run capital goods major BHEL plunged nearly 5 percent. Motilal Oswal expects the company to report 42.6 percent degrowth year-on-year (down 83.4 percent sequentially) in net profit at Rs 528.4 crore in first quarter. Net sales may fall 9.3 percent Y-o-Y (down 59.9 percent Q-o-Q) to Rs 7552.2 crore during the quarter, Motilal Oswal adds.
ONGC shares lost 2.5 percent while Reliance Industries and GAIL sliped 1.5 percent each.
Dr Reddy's Labs and Tata Steel are other losers that fell 1.2 percent each.
Meanwhile, Bank Nifty jumped over 110 points as country's largest private sector lenders ICICI Bank and HDFC Bank gained 1.2 percent and 0.5 percent, respectively.
Housing finance major HDFC extended gains to over 3 percent and even healthcare company Sun Pharma gained nearly 3 percent.
The BSE Sensex is up 87.45 points at 20237.30, and the Nifty is up 24.95 points at 6054.15.
State-run capital goods major BHEL plunged nearly 5 percent. Motilal Oswal expects the company to report 42.6 percent degrowth year-on-year (down 83.4 percent sequentially) in net profit at Rs 528.4 crore in first quarter. Net sales may fall 9.3 percent Y-o-Y (down 59.9 percent Q-o-Q) to Rs 7552.2 crore during the quarter, Motilal Oswal adds.
ONGC shares lost 2.5 percent while Reliance Industries and GAIL sliped 1.5 percent each.
Dr Reddy's Labs and Tata Steel are other losers that fell 1.2 percent each.
Meanwhile, Bank Nifty jumped over 110 points as country's largest private sector lenders ICICI Bank and HDFC Bank gained 1.2 percent and 0.5 percent, respectively.
Housing finance major HDFC extended gains to over 3 percent and even healthcare company Sun Pharma gained nearly 3 percent.
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