Markets Trade Flat, Asian Markets Subdued

Indian markets were trading flat, even as most Asian markets were trading with losses, despite the US S&P 500 closing at a new record high. Shares in Asia-Pacific fell in Tuesday trade, with Mainland Chinese stocks down in early trade and Hong Kong's Hang Sang declining 0.38%.

The Sensex was trading with losses of 2 points, while the Nifty lost 2 points in trade.

Shares in NALCO were trading higher after the company reported a net profit of Rs 935.64 crore against Rs 102.76 crore in the year-ago. Revenue at the company was up Rs 2,821.48 crore against Rs 1,935.86 crore.

V2 Retail saw its shares dip 2% following its quarterly numbers. The company posted a loss of Rs 10.26 crore against a loss of Rs 12.08 crore in the year-ago.

Zee Media shares gained 4.5% after the company said net profit was placed at Rs 8.39 crore against Rs 5.67 crore in the year-ago period.

Among the top Nifty gainers in trade were Reliance Industries, Tata Motors, Titan Company and Asian Paints. Among the Nifty stocks that lost ground were Infosys, ICICI Bank and HDFC Bank.

Meanwhile, the rupee opened slightly weak in trade by 10 paise, while Gold Futures on the MCX dropped by 0.2%.