Sensex flat; IT stocks decline on profit-taking

Reuters Market Eye - The BSE Sensex is flat in trade. IT stocks decline on profit-taking. The benchmark BSE Sensex is down 0.12 percent, while the Nifty fell 0.04 percent as of 3.05 pm.

IT stocks fall on profit-taking after NSE IT index rose to its all-time high on Monday.

Tata Consultancy Services Ltd falls 0.7 percent while Infosys Ltd is down 0.5 percent.

Lupin Ltd gains 1.2 percent after U.S. Food and Drug Administration gave a tentative approval for generic version of cholesterol drug niacin, a form of vitamin B, on Monday.

(Reporting by Abhishek Vishnoi)