Nifty flat in cautious trade ahead of CPI data

Reuters Market Eye - The Nifty is down 0.1 percent, and the Sensex is also down 0.04 percent.

Indexes fell for three straight sessions till Thursday on worries about potential U.S. rate hikes.

Caution prevails ahead of August consumer inflation data at 05:30 p.m.

Also, overseas investors sold stock futures worth $84 million on Thursday.

Sun Pharmaceutical Industries falls as much as 4.1 percent after a U.S. drug recall.

Among gainers, Oil and Natural Gas Corp adds 0.6 percent after falling 3.6 percent in the previous session.

(Reporting by Indulal PM)