Sensex trading flat; pharma stocks up

Reuters Market Eye - The BSE Sensex and the Nifty were flat in trade, after earlier marking their highest since January 31. Gains are in check ahead of inflation data later in the week.

Pharmaceutical companies gain on defensive buying. Sun Pharmaceutical Industries Ltd gains 1.7 percent, Dr.Reddy's Laboratories Ltd is up 1.5 percent and Cipla Ltd is higher 0.4 percent.

Tata Motors rises 1 percent ahead of its quarterly results later in the day.

Also, overseas investors sold 2.67 billion rupees worth of Indian shares on Friday, extending their selling streak to a seventh day, provisional exchange data shows.

(Reporting by Abhishek Vishnoi)