Nifty trades flat; HDFC, ITC fall 1%, IOC up 2%

Moneycontrol Bureau

Benchmarks indices have been trading flat to positive with support from across the board. After Tuesday's nervoursness, investors and traders appear confident resulting in a cease in profit taking. Support also came from global markets; Asian markets are up. Rupee continues to head higher tracking the gains in Euro.

At 11.03 AM, the Sensex was up 39.98 points at 20030.88, and the Nifty moved up 9.95 points at 6059.85. Index heavyweight Hindustan Lever was trading at Rs 477.65 up 1.95% and was the top gainer on the Sensex. On the other side, ITC and HDFC were noticeable losers; each trading with over 1 percent cut

In the Oil and Gas space, IOC was the big winner with 2 percent gains. Heavyweight Reliance Industries was trading at Rs 898.50 up 1.81% and ONGC paced up 1.43 percent.

Crompton Greaves which saw a sharp decline in the morning, recovered much of its losses. The stock was trading with a cut of 0.69 percent.