BSE Sensex flat; Dr.Reddy's gains, Tata Steel falls

Reuters Market Eye - The Sensex gains 0.08 percent, while the broader Nifty is up 0.1 percent, in range-bound trading after the indexes slumped more than 2 percent on Monday.

Dr.Reddy's Laboratories Ltd gains 1 percent ahead of its January-March results later in the day.

Tata Steel Ltd's shares fall 2 percent after the company said it would book a $1.6 billion impairment charge for the financial year ended March 31 due to weak economic and market conditions in Europe.

Investors are also on hold ahead of wholesale prices-based inflation data for April around noon.

WPI is expected to have risen 5.5 percent on year in April, a Reuters poll shows, marking the slowest pace since November 2009. Core WPI is expected to have risen 3.5 percent.

 

(Reporting by Abhishek Vishnoi)