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Markets were extremely flat in the noon trades with the benchmark indices in red as weakness in heavyweights like L&T, RIL and Infosys weighed on the indices heavily.
At 1330 hrs, the Sensex was down two points at 26,993 and the Nifty dropped five points to trade at 8,081.
However, there was some buying visible in the broader markets with the smallcap index up 0.6% and the midcap index added 0.1%, continuing its outperformance in noon deals.
Power index down over a percent was the top sectoral loser along with Bankex, Capital goods, Metal, Oil and Gas and Realty indices down 0.1-0.6%.
However, gains in scrips like Titan, VIP Industries and Blue Star helped the Consumer Durables index to be up over 1% in an otherwise flat market.
Cipla, Maruti, HDFC and ITC which was up 1-2.5% were the top gainers among Sensex-30. Maruti Suzuki India climbed over 1% during the noon trades after Maruti chairman said that double-digit sales growth is expected this current year.
Among the ones in red were Hindalco, Sun Pharma, NTPC, Coal India, Tata Power and L&T down 1-3%.
In individual names, Snowman Logistics - an integrated temperature controlled logistics service provider - jumped 70% on debut today.
Oracle Financial Services Software surged more than 7% to Rs 3,560 on the BSE after the Board of Directors of the Company approved payment of interim dividend of Rs 485 per equity share of face value of Rs 5 each of the Company.
The market breadth was positive on BSE. 1,593 stocks advanced while 1,302 stocks declined.
