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				Markets have been directionless this morning, mirroring recent trends and the dampening cues from the global front. The Sensex is at 22,473, lower by 35 points and the Nifty is precariously placed above the 6700 mark at 6701, down 13 points. There is outperformance on the broader market front, though; the midcap index is at 7414, higher by 43 points and the smallcap index is at 7565, up 32 points.&nbsp;</div>
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				Information technology, metal and banking stocks are having a weak session of trade.&nbsp;</div>
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				Wipro has weakened by 1.2% at Rs 508, TCS has shed 0.7% at Rs 2183 and Infosys has shed 0.5% at Rs 3147. Hindalco has lost 1% at Rs 137 and Tata steel has edged lower by 0.5% at Rs 398. And in the financials space, HDFC has lost 0.9% at Rs 869 and ICICI Bank has lost 0.6% at Rs 1266.</div>
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				Hindalco has weakened by 1.1% at Rs 136 to top the losers list on the BSE and Tata Steel has lost 0.6% at Rs 398. In the banking space, Axis Bank has shed 0.7% at Rs 1526, ICICI Bank has lost 0.4% at Rs 1269 and HDFC Bank has lost 0.3% at Rs 717.&nbsp;</div>
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				On the other hand, pharma and capital goods stocks are in good health this morning. Sun Pharma has gained 1.5% at Rs 635 and Cipla has added 0.9% at Rs 394. In the capital goods space, L&amp;T has added 0.8% at Rs 1310 and BHEL has added 0.7% at Rs 180. Continuing its momentum for the third consecutive session, ITC has gained 0.3% at Rs 349.</div>
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				The market breadth is positive. Out of 1750 stocks traded on the BSE, there are &nbsp; &nbsp;898 advancing stocks as against 752 declines.</div>
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				Stocks in the news</div>
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				Infosys has shed 0.6% at Rs 3142; UBS said in a note on Wednesday that the country&#39;s second largest software exporter is likely to disappoint investor expectations in the near and medium term, leading to a valuation de-rating of the stock,&nbsp;</div>
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				Opto Circuits (India) has jumped 3% at Rs 32 on plans to raise fresh funds of up to Rs 1,500 crore ($250 million) by issuing securities.&nbsp;</div>
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				Titan is trading higher by 1.4% at Rs 275, extending its previous day&#39;s 3.4% gains, after reporting 11.6% year-on-year (yoy) jump in net profit at Rs 206 crore for the fourth quarter ended March 31, 2014 (Q4). The Tata Group company had reported net profit of Rs 185 crore in the corresponding quarter a year ago.</div>
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				Gujarat Pipavav Port has touched 52-week high, soaring 12% to Rs 100 after reporting a robust 73% year-on-year (yoy) rise in net profit at Rs 61 crore for the fourth quarter ended March 31, 2014 (Q4), on the back of strong operational performance. The company had reported a profit of Rs 35.4 crore in the year-ago quarter.</div>
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				Shasun Pharmaceuticals is trading higher by 5% to Rs 143, extending its previous day&rsquo;s 6% rally, after it announced that it has acquired the global rights to develop and commercialise Ibuprofen the 12-hour extended release tablets from the US-based ScolrPharma along with the global rights of analgesics Nuprin for an undisclosed sum.</div>
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Information technology, metal and banking stocks are having a weak session of trade.

Markets have a sluggish morning; Nifty hovers around 6700

Information technology, metal and banking stocks are having a weak session of trade.

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