Sensex flat after CPI edges higher; Sun Pharma surges

Reuters Market Eye - The BSE Sensex is trading flat after the retail inflation data comes in double-digits, above market expectations, keeping the outlook grim despite six consecutive days of falls.

The Sensex is up 0.22 percent while the broader Nifty index is up 0.2 percent.

India's annual consumer price inflation quickened more than expected to 10.09 percent in October from 9.84 percent in September, driven by food prices, government data showed on Tuesday.

Sun Pharmaceutical Industries Ltd is up 2.8 percent after its unit, Taro Pharmaceutical Industries Ltd's operating profit beat some analysts estimates, boosting outlook for the company's results later in the day.

 

Reliance Communications Ltd gains nearly 7 percent after the company's quarterly earnings beat expectations.

However, shares of Tata Global Beverages Ltd fall nearly 6 percent after its quarterly operating profit of 1.6 billion rupees lagged some analyst estimates. The company reported its earnings after market hours.

(Reporting by Abhishek Vishnoi)