Markets trade flat ahead of Jan F&O expiry

Sell-off in auto, technology, CG, metal, banking and HC led the markets lower. Volatility is high as investors are cautious ahead of January derivatives contract expiry Global News: Asia stock markets are trading mostly lower on Thursday (January 31, 2013), with Japanese, Hong Kong and Australian markets backing away from multiyear highs, as investors parsed earnings reports and global economic data. Coming to individual stocks, Suzlon Energy is trading with gains after Suzlon Group wins 350 MW Canada Order: largest REpower contract to date. BSE 30-Sensex stocks: Gainers - ONGC up by 0.90%, BHEL up by 0.76% and Bajaj Auto 0.73%. Losers - Tata Motors fell by 1.07%, RIL fell by 1% and Wipro fell by 0.96%. At 9.55 am, the Sensex was trading at 19963, 43 points lower and the Nifty was trading at 6047, down by 8 points.