Sensex, Nifty trading flat; IT stocks slump

Reuters Market Eye - The Sensex and Nifty are trading flat on Friday. Asian stocks are higher after positive U.S. data calm investor nerves.

Exit polls indicate BJP is expected to win Maharashtra, Haryana state elections. Traders say wins should help push key reforms.

Blue-chips lead gains. ITC gains 1.8 percent, while ICICI Bank adds 1.4 percent.

However, IT stocks slump on earnings disappointment.

Tata Consultancy Services falls 7.6 percent, while HCL Technologies is down 7 percent.