 "Markets trading flat ahead of CPI, Sep IIP data")
Markets continued to trade flat in noon trades on Tuesday as investors turned cautious ahead of the September index of industrial production data and inflation based on the Consumer Price Index due for release later today.
At 1:05PM, the 30-share Sensex was down 41 points at 20,450 and the 50-share Nifty was down 7 points at 6,072.
The rupee weakened against the US dollar ahead of CPI and Sep IIP data due later today slipping to 63.58 versus its prior close of 63.24 Dollar demand from custodian banks is also pushing up the USD/INR pair.
Metal index was the top loser among the sectoral indices down 1% followed by Auto, Power, PSU, Oil and Gas indices among others. Gainers include Realty, Healthcare, FMCG and Bankex among others.
Select metal shares witnessed profit taking after recent gains. Tata Steel and Sesa Sterlite were down 1.5-.2.7% each.
Tata Motors continued to witness profit taking after the stock recently touched Rs 400 levels. The stock was down nearly 3%.
Other Sensex losers include, Infosys and ONGC.
Gains in ITC contributed the most to the Sensex after short covering at lower levels. The stock was up 0.8%.
However, Hindalco was up nearly 2% ahead of its second quarter earnings due to be announced later today.
Other Sensex gainers include, HDFC Bank, Sun Pharma and Maruti Suzuki among others.
Among other shares, Hindustan Petroleum Corporation (HPCL) was up 1%, bouncing back 5% from early morning low, after reporting a net profit at Rs 319 crore for the second quarter ended September 30, 2013 (Q2).
The broader market was trading with marginal gains. The BSE Mid-cap index was up 0.5% and the Small-cap index was up 0.2%.
Market breadth was neutral with 1,070 gainers and 1,060 losers on the BSE.
At 1:05PM, the 30-share Sensex was down 41 points at 20,450 and the 50-share Nifty was down 7 points at 6,072.
The rupee weakened against the US dollar ahead of CPI and Sep IIP data due later today slipping to 63.58 versus its prior close of 63.24 Dollar demand from custodian banks is also pushing up the USD/INR pair.
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Most Asian markets were trading higher with Japan's Nikkei leading the pack after it surged 2.2% following further weakness in the yen against the US dollar. Among other indices in the region, Straits Times was trading flat while Shanghai COmposite was up 0.8% and Hang Seng slipped 0.5%.
Metal index was the top loser among the sectoral indices down 1% followed by Auto, Power, PSU, Oil and Gas indices among others. Gainers include Realty, Healthcare, FMCG and Bankex among others.
Select metal shares witnessed profit taking after recent gains. Tata Steel and Sesa Sterlite were down 1.5-.2.7% each.
Tata Motors continued to witness profit taking after the stock recently touched Rs 400 levels. The stock was down nearly 3%.
Other Sensex losers include, Infosys and ONGC.
Gains in ITC contributed the most to the Sensex after short covering at lower levels. The stock was up 0.8%.
However, Hindalco was up nearly 2% ahead of its second quarter earnings due to be announced later today.
Other Sensex gainers include, HDFC Bank, Sun Pharma and Maruti Suzuki among others.
Among other shares, Hindustan Petroleum Corporation (HPCL) was up 1%, bouncing back 5% from early morning low, after reporting a net profit at Rs 319 crore for the second quarter ended September 30, 2013 (Q2).
The broader market was trading with marginal gains. The BSE Mid-cap index was up 0.5% and the Small-cap index was up 0.2%.
Market breadth was neutral with 1,070 gainers and 1,060 losers on the BSE.