Markets open flat on mixed global cues

The Indian markets were trading on a flat note during the morning trading session tracking mixed Asian cues. The companies that will announce their December quarter results are Hindustan Unilever, Oberoi Realty, and Zee Entertainment among others.

At 9:28AM BSE SENSEX was at 24842.9, up by 69.93 points or by 0.28 per cent while the NSE Nifty was at 7550.55, up by 13.75 points or by 0.18 per cent.

The BSE MIDCAP was at 10695.3, up by 66.23 points or by 0.62 per cent while the BSE SMLCAP was at 11232.05, up by 100.67 points or by 0.9 per cent.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1154.65,+2.30 per cent), Maruti Suzuki India Ltd. (Rs. 4312.05,+1.47 per cent), Reliance Industries Ltd. (Rs. 1073.40,+1.15 per cent), Axis Bank Ltd. (Rs. 394.15,+0.92 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 2941.50,+0.90 per cent), among others.

The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 220.75,-1.74 per cent), GAIL (India) Ltd. (Rs. 351.60,-1.69 per cent), ITC Ltd. (Rs. 315.35,-0.58 per cent), Wipro Ltd. (Rs. 542.50,-0.53 per cent), Hindustan Unilever Ltd. (Rs. 823.00,-0.42 per cent), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of total 1429 shares traded, 1089 shares advanced, 293 shares declined and 47 were unchanged.

Among the sectoral indices on BSE, BSE_IT index was at 10985.17, up by 111.97 points or by 1.03 per cent led by Tanla Solutions Ltd. (Rs. 40.80,+4.75 per cent), Datamatics Global Services Ltd. (Rs. 64.70,+3.44 per cent), MindTree Ltd. (Rs. 1570.70,+3.29 per cent), Moser Baer India Ltd. (Rs. 12.02,+2.91 per cent), SQS India BFSI Ltd. (Rs. 1072.00,+2.85 per cent).

Asian markets rebounded on Friday with energy shares leading the gains after global crude oil prices rebounded from their lowest level in 12 years. Further, the Chinese Yuan also stabilised. The Nikkei was up 0.7 per cent while Straits Times was trading with marginal gains. However, China's Shanghai was down 0.9 per cent while Hang Seng was down 0.5 per cent