BSE Sensex flat; Reliance Industries gains, autos fall

Reuters Market Eye - The 50-share Nifty is up 0.06 percent, while the benchmark BSE Sensex is down 0.01 percent.

The focus is now squarely on January-March earnings, with select blue-chip companies including Reliance Industries higher on optimism about performance.

Reliance Industries gains 1 percent. Barclays says that Reliance's shrinking valuation premium to peers may be helpful in allowing the shares to track market performance in the near term.

Shares in Tata Motors fall 1.5 percent, a day after the company said its March passenger vehicle sales fell 27.6 percent.

Bajaj Auto shares fall 1.05 percent after reporting a 10 percent fall in March vehicle sales.

 

(Reporting by Manoj Dharra)