Markets recovered in late trades on Tuesday led by gains in index heavyweights Reliance Industries and Infosys.
At 2:34PM, the 30-share Sensex was up 19 points at 20,243 and the 50-share Nifty was trading flat at 6,157.
In Asia the Nikkei rebounded from early losses to end marginally higher by 0.1% at 15,381 while Shanghai Composite was up 0.2%. The Hang Seng slipped 0.5% and the Straits Times was down 0.3%.
The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the US Federal Reserve will give any signal on the future of its stimulus programme. Having hit a five-year high on Monday, European shares opened 0.3% lower as investors cashed in on some of the recent gains. The CAC-40 and DAX were marginally down while the FTSE-100 was up 0.2%.
IT Index was the top gainer among sectoral indices on the BSE followed by Capital Goods, Consumer Durables, Bankex, Oil and Gas and FMCG indices.
The Sensex pack was led by ICICI Bank, Infosys, TCS and Reliance Industries.
Auto stocks continued to remain the top losers in the Sensex. Tata Motors was the top loser down 2.6% while Maruti Suzuki and M&M were down 1-2% each.
Coal India was up 2.1% after reporting a nearly 90-percent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.
The BSE Mid-cap and Small-cap indices were marginally down.
Market breadth was weak with 1,271 losers and 950 gainers on the BSE.
