Markets have pared early gains and turned flat. The Sensex after opening firm at 20,930 touched a high of 20,937. However, with IT stocks declining, the index dropped to a low of 20,851. The Sensex is now at 20,854 - down 24 points.
The Nifty is flat 6,274.
Auto stocks have gained this morning, with the index 0.7% at 10,489. Mahindra & Mahindra has touched a record high of Rs 827 and is now trading with a gain 1.7% gain at Rs 820.
BSE metal, consumer durables and healthcare indices are in green this morning.
However, IT index has dropped 0.7% to 3,777. TCS has dropped 1.2% to Rs 1,079. Infosys, MphasiS, Core Projects and Moser Baer are among the losers in the space.
Markets will be looking at a slew of corporate numbers which are to be announced today. Among them, HDIL, Cipla, Apollo Tyres and MMTC are the big ones.
The Government will also announce the wholesale price indices (WPI) inlfation data later today.
Globally markets are trading in green ahead of the G-20 meet. Hang Seng has gained 267 points at 24,768. Shanghai Composite and the Nikkei are up as well.
Reliance POwer, Hindalco, BPCL, Sterlite, Tata Power and Bajaj Auto are in green.
Ranbaxy has jumped 3% to Rs 621 after announcing its numbers. The company posted its third quarter net profit at Rs 308 crore, up 164 % from Rs 116.6 crore in the same period a year ago.
Top Section
Explore Business Standard