The key benchmark indices were trading flat in the early deals amid mixed trends in the overseas markets. The Sensex was down 55 points at 16,994 levels and the Nifty lost 0.3 per cent to trade at 5,046.
While some buying interest was seen in IT and pharma stocks, realty and capital goods counters were under pressure.
Among the Sensex stocks, Infosys was the biggest gainer. The stock rose 1.5 per cent in early trades. M&M, Sun Pharma and Bharti Airtel were the other major gainers in the pack. However, HDFC, Hero Honda and L&T were among the main losers in the pack. The stocks fell more than 1 per cent each.
In US, stocks finished an erratic session mixed on Tuesday as higher commodity prices lifted energy and materials shares.
Major stock indices had their third straight advance, reaching new 13-month highs, but there were more declining shares than advancers on the New York Stock Exchange and the Nasdaq Stock Market.
The Dow Jones industrial average rose 30.46, or 0.3 percent, to 10,437.42. The broader Standard & Poor's 500 index rose 1.02, or 0.1 percent, to 1,110.32, while the Nasdaq composite index rose 5.93, or 0.3 percent, to 2,203.78.
Asian markets were trading mixed today. Hong Kong’s Hang Seng shed 1.1 per cent and Nikkei in Japan dropped 1 per cent. South Korea’s Kospi, however, gained 0.7 per cent.
Source:Reuters
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