11:52 am Buzzing now: JK Lakshmi Cement is quoting at Rs 107.50, up Rs 7.75, or 7.77 percent.
11:50 am FII flow: Foreign investors have been net buyers for 22 consecutive sessions as of Friday, bringing in a net of about USD 13.52 billion in 2013, regulatory and exchange data shows.
11:45 am Market check: The Sensex is up 91.92 points at 20378.04, and the Nifty up 23.60 points at 6210.90.
11:45 am Macro outlook: There is no case for downgrading India's sovereign credit rating, Economic Affairs Secretary Arvind Mayaram told a news channel, after Standard & Poor's reiterated its negative outlook on the country's credit rating.
11:40 am Boardroom on CNBC-TV18
Pawan Singh, director and CFO, PTC India Financial Services says:
Saw a marginal decline on revenue front
Will be able to maintain NIM at current level going forward
Loan book stands at around Rs 10,000 crore
Have confined ourselves to energy value chain
11:35 am News update: Aurobindo Pharma promoter releases 20 lakh shares from pledge. It was quoting at Rs 194.45, up Rs 2.20, or 1.14 percent.
11:34 am: Gold value: Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the US Federal Reserve may wind back its economic stimulus programme hurt the metal's appeal as a hedge against inflation.
Investors have been dumping gold, which is down 20 percent so far this year, as stocks and the dollar continue to outperform. If gold closes in the red on Monday, it would match the metal's longest losing streak since March 2009.
11:30 am Buzzing now: TTML surges 5.2 percent as Tata sons has cancelled the offer for sale for Tata Teleservices Maharashtra following a tepid response from investors. Just over 80 percent of the issue was subscribed at more than 30 percent below the floor price.
11:20 am Losing stocks: Wipro, Cipla, ICICI Bank, ONGC and TCS are major losers in the Sensex.
11:17am: Biggest loser: Lupin was quoting at Rs 771.90, down Rs 32.35, or 4.02 percent following the launch of rival Mylan Inc's generic version of the cholesterol-lowering Tricor tablets.
Mylan Inc said in a statement on Friday its unit Mylan Pharmaceuticals Inc has shipped generic Tricor, or fenofibrate tablets, of 48 mg and 145 mg.
11:12 am News update: Suzlon is in talks with 2012 bondholders to refinance debt. It may issue dollar bonds to repay USD 209 million of 2012 notes, reports agencies. It is quoting at Rs 14.65, up Rs 0.18, or 1.24 percent.
11:05 am Brokerage calls: Citi has assigned a ‘buy’ rating on Jubilant Foods with a target of Rs 1300. “Risk-reward seems to be more reasonable after a moderation in expectations and the recent underperformance,” it says.
CY13 Sensex target at 20700; bet on NBFCs, pvt banks: HSBC
See Nifty 6900 by Dec; like infra, auto: Macquarie's Arora
The market seems to be flexing its muscles today. The Sensex is up 144.50 points at 20430.62 while the Nifty is 6224, up 36.70 points. About 1076 shares have advanced, 715 shares declined, and 98 shares are unchanged.
Auto, metals and realty stocks were lending strength to the indices.
Dhanlaxmi Bank was up 2.1% after reporting a profit of Rs 29 cr compared to loss of Rs 86.5 cr in comparable quarter of last year.
M&M, Tata Motors, Maruti Suzuki, Coal India and RIL were the biggest gainers in the Sensex.