 "Markets trade flat in afternoon trade on corporate earnings, WPI inflation")
Benchmark indices were trading flat in the afternoon trade as investors waited for positive corporate results after Infosys issued lower-than-expected revenue guidance, a disappointing start to the earnings season.
Also, India's wholesale prices rising lower-than-expected at 5.70% year-on-year in March, compared with a 0.45% fall a year ago, dragged down by easing fuel prices affected the sentiment.
At 2:52 pm, the S&P BSE Sensex was ruling at 29,405, down 56 points, while the broader Nifty50 was trading at 9,131, down 18 points.
The broader market scuttled between gains and losses with , the S&P BSE Midcap and S&P BSE Smallcap up 0.03% and 0.3% respectively.
Shares of Infosys, the country's second-biggest software services exporter, were down 0.7% after falling 3.87% on Thursday post March-quarter results. Markets were closed on Friday for a public holiday.
The weak guidance raised concerns about earnings, with Tata Consultancy Services, Yes Bank, and HDFC Bank due to report this week.
NTPC, Sun Pharma, Coal India and Asian Paints were among top losers, while GAIL, Dr Reddy's Laboratories, PowerGrid and ITC were the top gainers.
Among gainers, Dr Reddy's Laboratories Ltd rose as much as 3.1% and was one of the top gainers on the BSE Sensex after the USFDA completed an audit of the company's Srikakulam plant with no observations, according to an exchange filing on Friday.
Punj Lloyd rose nearly 5% intraday Monday as its subsidiary received contract in Saudi Arabia.
Global markets and the US dollar dipped on Monday while US bond yields slumped to five-month lows after soft US economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% in holiday-thinned trade, while Japan's Nikkei fell as much as 0.6% to hit a five-month low before ending up 0.1%.
Most European share markets will be closed for Easter holidays.
Also, India's wholesale prices rising lower-than-expected at 5.70% year-on-year in March, compared with a 0.45% fall a year ago, dragged down by easing fuel prices affected the sentiment.
At 2:52 pm, the S&P BSE Sensex was ruling at 29,405, down 56 points, while the broader Nifty50 was trading at 9,131, down 18 points.
Also Read
Shares of Infosys, the country's second-biggest software services exporter, were down 0.7% after falling 3.87% on Thursday post March-quarter results. Markets were closed on Friday for a public holiday.
The weak guidance raised concerns about earnings, with Tata Consultancy Services, Yes Bank, and HDFC Bank due to report this week.
NTPC, Sun Pharma, Coal India and Asian Paints were among top losers, while GAIL, Dr Reddy's Laboratories, PowerGrid and ITC were the top gainers.
Among gainers, Dr Reddy's Laboratories Ltd rose as much as 3.1% and was one of the top gainers on the BSE Sensex after the USFDA completed an audit of the company's Srikakulam plant with no observations, according to an exchange filing on Friday.
Punj Lloyd rose nearly 5% intraday Monday as its subsidiary received contract in Saudi Arabia.
Global markets and the US dollar dipped on Monday while US bond yields slumped to five-month lows after soft US economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% in holiday-thinned trade, while Japan's Nikkei fell as much as 0.6% to hit a five-month low before ending up 0.1%.
Most European share markets will be closed for Easter holidays.
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