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On the technical charts, the RSI of the stock stood at 62.46.

Jefferies bullish on GMR Airports, targets Rs 100; expansion at Delhi/Hyderabad Airports to boost growth. GIL and GAL merger nearing completion. Morgan Stanley neutral on Titan Company targets of Rs 3,526; management emphasizes long-term jewelry business strategy.

Stocks of companies linked to Andhra Pradesh surge post TDP victory, led by Heritage Foods and Aurobindo Pharma.

It would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.

As investors awaited the US CPI data scheduled for later in the day, gold prices for August futures contracts on MCX began the day unchanged at Rs 71,547 per 10 grams. In contrast, MCX July silver contracts have experienced a decline of Rs 6,800 since the beginning of June, opening today at Rs 89,317 per kg.

The Nifty Pharma index was trading 0.06 per cent up at 19702.35.

A total of 15,235 shares changed hands on the counter till 10:50AM (IST)

A total of 12,147 shares changed hands on the counter till 12:32PM (IST).