Reuters Market Eye - The BSE Sensex is flat in trade. IT stocks decline on profit-taking. The benchmark BSE Sensex is down 0.12 percent, while the Nifty fell 0.04 percent as of 3.05 pm.
IT stocks fall on profit-taking after NSE IT index rose to its all-time high on Monday.
Tata Consultancy Services Ltd falls 0.7 percent while Infosys Ltd is down 0.5 percent.
Lupin Ltd gains 1.2 percent after U.S. Food and Drug Administration gave a tentative approval for generic version of cholesterol drug niacin, a form of vitamin B, on Monday.
(Reporting by Abhishek Vishnoi)
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