Markets remain subdued

Markets continue to trade subdued.

The Sensex, after slipping into red to a low of 17,376, has recovered and is now flat at 17,407.

The Nifty is now down three points at 5,185.
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(Updated at 1013 hrs)

The Sensex has opened on a flattish note at 17,403. The index is now up 19 points at 17,421.

The Nifty is also mirroring the global markets and is flat at 5,194.

The Asian markets are trading subdued this morning. The Hang Seng has dropped 100 points to 21,398. The Nikkei has slipped from the four-month high and is now flat at 16,634. The US markets had ended marginally in the red on Tuesday.

Bharti Airtel has gained 1% at Rs 329. ICICI Bank has moved up 1% to Rs 886.

Cement counters are also in the green. ACC and Grasim have added less than 1% each.

However, Sun Pharma has dropped 1% to Rs 1,523. NTPC, ITC and HDFC Bank are the other prominent losers in the index today.