Markets flat, Nifty struggles below 8,400; TCS down over 3%

Among, broader markets BSE Midcap and BSE Smallcap gained 0.03% and 0.09%, respectively

Benchmark indices pared all opening gains to slip into red even after good IIP, CPI data and robust TCS, Infosys earnings. Globally, Asian shares fell as investors weighed whether President-elect Donald Trump would stress growth-boosting steps when he takes office.
 
At 1:45 pm, the S&P BSE Sensex was trading at 27,215, down 31 points, while the broader Nifty50 was ruling at 8,392, down 15 points.
 
Among, broader markets BSE Midcap fell 0.17% while BSE Smallcap gained 0.01%.

We expect the Nifty to gradually move towards 8,450 level. Going forward, it must be noted that the Nifty has already