Market Today

The Sensex, which moved up to 17,493.17 earlier this evening, has drifted down to 17,357 due to profit taking at some front line counters, trimming down its gain to around 0.2% or 32.49 points. The Nifty is up 5.40 points or 0.11% at 5147.55. It had earlier surged to 5176.80.
Non-ferrous metal stocks Sterlite Industries, Hindustan Copper, Hindustan Zinc and Tinplat are up with sharp gains.
In the cement space, ACC, Ambuja Cements and Ultratech Cement have gained 1% - 1.75%. Prism Cement has notched up a gain of 3.6%. OCL India, Rain Commodities, JK Lakshmi Cement, Dalmia Cement, Shree Cements and Mangalam Cements are also trading notably higher.
Among technology stocks, Tata Consultancy Services is up 1.65% on strong results. Infosys Technologies and Wipro are up with modest gains. NIIT Technologies, Mastek, Patni Computer Systems, Rolta India and Oracle Financial Services are also trading firm.
Telecom stocks Reliance Communications, Bharti Airtel, Idea Cellular, Tata Teleservices and MTNL are trading with sharp to moderate gains.
Cipla, ICICI Bank, HDFC Bank, HDFC, ABB, ITC, Mahindra & Mahindra, Hindustan Unilever and Hindalco are exhibiting weakness.