MUMBAI: Indian markets were witnessing a sluggish session due to lack of cues to give direction to market. Technology, realty and metals led the gainers pack while oil&gas, FMCG and banks were the major underperformers.
"The start today will be quiet again but the undertone is not as bad as it was last week. FII selling seems to have abated a bit.
Robust Chinese trade data boosted the sentiment across the globe on Tuesday. The latest data shows inflation staying elevated in China last month even as industrial output slowed.
Back home, the latest IIP report will be out on Thursday. It will be a light day in terms of corporate results. ABB India, Apollo Tyres and Grasim Industries are the notable ones to watch out for.
Meanwhile, SBI has hiked BPLR and the base rate by 75 bps. It has also increased rates on shorter tenor deposits. Oil PSUs will remain in focus as the EGoM on fuel prices has been deferred till next week," said IIFL report.
At 9:45 am; National Stock Exchange's Nifty was at 5539, down 2.25 points or 0.04 per cent. The broader index touched a high of 5556.85 and low of 5537.55 in trade so far.
Bombay Stock Exchange's Sensex was at 18514.74, up 1.97 points or 0.01 per cent. The 30-share index hit a high of 18575 and low of 18504.72 in early trade.
BSE Midcap Index was up 0.32 per cent and BSE Smallcap Index moved 0.45 per cent higher.
Amongst the sectoral indices, BSE Oil&gas was down 0.49 per cent, BSE FMCG Index slipped 0.19 per cent and BSE Bankex declined 0.08 per cent. BSE IT Index was up 0.79 per cent, BSE Realty Index moved 0.79 per cent higher and BSE Metal Index advanced 0.53 per cent.
Hero Honda (1.81%), Reliance Communications (1.55%), DLF (1.47%), TCS (0.73%) and Tata Motors (0.58%) were the major Nifty gainers.
NTPC (-1.11%), ONGC (-0.77%), Bajaj Auto (-0.47%), ITC (-0.40%) and Maruti (-0.34%) were the top Nifty losers.
Market breadth was positive on the NSE with 1065 gainers against 648 losers.
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