EPIC UPDATE: SENSEX & NIFTY

[epicresearch]

The BSE Sensex and NSE Nifty opened on a flat note due to lack of domestic cues. ONGC and Coal India topped the buying list, rising 1.5-2% whereas Tata Motors and Hero Motocorp were top losers among largecaps.

The BSE benchmark rose 17 points to 17,122.44 and the NSE benchmark was up 3.35 points at 5,196.20.
On the global front, the US markets bounced back in late trade amid volatility, after Ben Bernanke gave a slight hint of further easing. But that could drive Asian markets higher.
Asian markets were trading lower barring Nikkei. Kospi, Hang Seng and Taiwan Weighted fell 0.6% each. Shanghai and Straits Times were flat whereas Nikkei gained 0.2%.
Back home, there are no major results today. The Indian rupee too was flat at 55.11 against the US dollar.