BSE Sensex flat; M&M gains ahead of earnings

Reuters Market Eye - The BSE Sensex is flat, while the 50-share Nifty rises 0.05 percent. Cement companies fall after earnings on Thursday trail market estimates: ACC falls 1.2 percent and Ambuja Cement Ltd is down 2.9 percent.

Indiabulls Financial Services Ltd share drop 5.8 percent, after more than a dozen block deals on both National Stock Exchange and BSE.

Mahindra and Mahindra Ltd shares gain 1 percent, while Sun Pharmaceutical Ltd rises 0.8 percent ahead of quarterly earnings due later in the day.

(Reporting by Manoj Dharra)