2:00 pm Markets are off their days high as the Sensex is now trading lower by 66 points to 17437 while the Nifty is down 23 points to 5308, jist holding the 5300 level.
Market breadth has turned negative with 818 stocks have declined, 636 are positive while 83 are at the same level. Of the 13 sectoral BSE indices, seven are in the red with Capital Goods taking the lead with a 1.22 percent fall. FMCG and Teck are up marginally by 0.56 percent and 0.4 percent.
Among the 30-share Sensex pack, 19 have fallen while 11 are in the green. Top gainers are M&M (2.65 percent), Tata Steel (0.75 percent), Wipro (0.85 percent). Losers include Hindalco Inds (-2.38 percent), BHEL (-2 percent), Tata Power (-1.9 percent).
Sundaram Clayton gained almost 3 percent to Rs 165.50 after net profit rose 46% to Rs 22.93 crore in March 2012 .
Sensex flat ahead of RIL's results; M&M gains 2%
State Bank of Bikaner & Jaipur gains 3 percent after reporting better then expected profit numbers.
12:30 Markets are trading flat ahead of Reliance Industries quarterly earnings due out later today. The stock is down 1.2 percent to Rs 732.7 per share. Cairn India is trading flat at Rs 351 per share.
European stock markets opened mostly lower with investors expected to keep an eye on the first day of the International Monetary Fund and World Bank, annual spring meetings
Sensex is up marginally by 6.4 points while the Nifty is flat at 5331. UBS has downgraded Indian shares to "neutral" from "overweight," saying China is the better bet. The investment bank said India was unlikely to see big downside surprises on inflation, and hence no aggressive rate cuts, according to Reuters.
ACC and Ambuja are some of the top losers post their results.
Among the 30-share Sensex pack, 14 stocks are in the green led by M&M (2....