Markets trade on a flat note

Indian stock markets opened on a positive note following positive global cues. The benchmark indices are currently trading flat with a gain of less than 1%.

Euro zone's latest plans to allow a central agency to oversee budgets of 17 countries, boost investor sentiments globally.

Asian shares also rose on the back of positive news coming from Europe. Investors have welcomed the move by European leaders to fix the region's debt problem with tougher fiscal budgets. Hang Seng and Japan’s Nikkei both are up 1.4% and 1.58% respectively.

Back home, BSE sectoral indices like Realty, FMCG and Bankex are leading with marginal gains. While all other indices are trading on a flat note, anywhere between -0.24% to 0.2%.

Tata Motors, Reliance Industries, JP Associates, BHEL, SBI, ICICI Bank, HDFC, DLF, Sterlite, JSPL, ONGC and ITC have gained between 0.5% to 1.8%.

In the loser's pack, TATA Power, Hero Moto Corp, Bharti Airtel, Bajaj Auto and Hindalco Industries are trading down by 1% to 2% each.

The market breadth, indicating the overall health of the market, is looking weak. On BSE, 968 shares fell and 811 shares rose. A total of 84 shares remained unchanged.

Back home, investors will watch out for the IIP numbers (to be declared today) and we at DSIJ expect the markets to remain volatile for the rest of the day and advise readers to play with caution.