 "Markets flat in noon deals; banks, auto drag")
Markets continue to trade flat with the Sensex up 40 points at 19,989 and the Nifty gained 11 points to trade at 5,984 in the noon deals. The gains in select names like Infosys, ONGC, L&T, Bhati Airtel and BHEL is helping the indices to remain in the positive territory.
Meanwhile, there were some marginal gains in the broader markets with the midcap index up nearly 02% and the smallcap index was flat with a positive bias, both underperforming the BSE benchmark index which was up 0.3%.
In Asia, shares fell, as concerns over financing available to property developers hurt Chinese markets, although overall sentiment was supported by Fed Chairman Ben Bernanke's pledge to keep monetary policy easy for the foreseeable future.
Asian shares, as measured by the MSCI Asia-Pacific ex-Japan index, slipped 0.4%, reversing an early rise that let them hover near a five-week high touched on Wednesday.
Seoul shares fell 0.6%, with index heavyweight Samsung Electronics Co Ltd down 2.1% partly due to Intel's grim outlook, while Taipei's share index .TWII dropped 0.8%.
Tokyo's Nikkei advanced 1.3%, however, helped by the yen weakness and a 4% rise for SoftBank Corp after China's e-commerce Alibaba Group, in which the Japanese mobile operator owns about 30%, nearly tripled its net income in the first three months of the year.
Among the sectoral indices, only Bankex, Auto and Metal indices were in the red, losing 0.3% each. Meanwhile, the major gainers were Realty, Consumer Durables, oil & Gas, Capital Goods and Health Care indices were up 0.8-1%.
The top gainers among the Sensex-30 were ONGC, BHEL, Hindalco, Cipla and Infosys gaining 2% each.
The other notable gainers were Bharti Airtel, Tata Power, Dr Reddys Lab, Gail India, Jindal Steel and L&T, adding up 1-1.5%
Among the ones in the negative were Mahindra & Mahindra, Sterlite and NTPC losing 2% each along with Hindustan Unilever, ICICI Bank,Tata Steel and Coal India down 1% each.
The market breadth was negative. 1,111 stocks declined while 911 stocks advanced on the BSE.
Meanwhile, there were some marginal gains in the broader markets with the midcap index up nearly 02% and the smallcap index was flat with a positive bias, both underperforming the BSE benchmark index which was up 0.3%.
In Asia, shares fell, as concerns over financing available to property developers hurt Chinese markets, although overall sentiment was supported by Fed Chairman Ben Bernanke's pledge to keep monetary policy easy for the foreseeable future.
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China's CSI300 share index shed 1.6%, hitting a one-week low and lately forming a "death cross" - a bearish signal - with the 50-day moving average breaking below the 200-day moving average. The index has lost nearly 11% this year.
Asian shares, as measured by the MSCI Asia-Pacific ex-Japan index, slipped 0.4%, reversing an early rise that let them hover near a five-week high touched on Wednesday.
Seoul shares fell 0.6%, with index heavyweight Samsung Electronics Co Ltd down 2.1% partly due to Intel's grim outlook, while Taipei's share index .TWII dropped 0.8%.
Tokyo's Nikkei advanced 1.3%, however, helped by the yen weakness and a 4% rise for SoftBank Corp after China's e-commerce Alibaba Group, in which the Japanese mobile operator owns about 30%, nearly tripled its net income in the first three months of the year.
Among the sectoral indices, only Bankex, Auto and Metal indices were in the red, losing 0.3% each. Meanwhile, the major gainers were Realty, Consumer Durables, oil & Gas, Capital Goods and Health Care indices were up 0.8-1%.
The top gainers among the Sensex-30 were ONGC, BHEL, Hindalco, Cipla and Infosys gaining 2% each.
The other notable gainers were Bharti Airtel, Tata Power, Dr Reddys Lab, Gail India, Jindal Steel and L&T, adding up 1-1.5%
Among the ones in the negative were Mahindra & Mahindra, Sterlite and NTPC losing 2% each along with Hindustan Unilever, ICICI Bank,Tata Steel and Coal India down 1% each.
The market breadth was negative. 1,111 stocks declined while 911 stocks advanced on the BSE.