New Delhi: The markets are trading flat amid volatility on Tuesday afternoon as the Bombay Stock Exchange benchmark Sensex lacks to find any direction.
Cues from global markets are also weak failing to boost sentiments across domestic indices. US markets tumbled to 7,000 mark after AIG posted a record $61.7 billion quarterly loss, the largest in US corporate history. Asian markets managed to recover from day’s low but are still trading lower.
Selling pressure continued to be felt among the consumer durables, FMCG, IT and pharma stocks. However, some buying was seen in the realty, oil and gas, and metal segments.
At 12:34 pm, the 30-share BSE Sensex was at 8,602.10 marginally down by 4.98 points and the 50-share NSE Nifty was at 2,677.35 up by 2.75 points.
Grasim Industries was the top gainer from the BSE pack, trading higher by 3.12% at Rs1,365.25, meanwhile Tata Power was the top loser, down by 3.15% at Rs689.30.