The intraday market is flat tracking weak cues from the
global markets. The Sensex is down 5.17 points at 25185.31 and the Nifty up
2.75 points at 7536.30. About 1577 shares have advanced, 1103 shares declined,
and 125 shares are unchanged.
GAIL, ONGC, Bharti, Maruti and Axis Bank are top gainers in
the Sensex. Among the losers are M&M, Hindalco, HDFC, Tata Steel and Bajaj
Auto. Globally, Asian intraday markets trade cautiously as tensions of
deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped
investors' appetite for risk.
The Reserve Bank of India governor Raghuram
Rajan Tuesday warned that too much legal supervision on the actions of
regulators would hamper policy making, and increase risks in the system.All
eyes now on the US FOMC that begins its two-day meeting today.
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