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Markets begin flat for the New year

The Sensex opened first session of the year 2012 with a mild gap up, supported by Reliance, Bharti, L&T and ICICI Bank. The Sensex gained 49 points at 15,504.10 and the Nifty rose 9 points to 4,633.50.

On the sectoral front, BSE Auto, Consumer Durables and Metal indices are leading the gains, having advanced nearly 1% each.

Tata Motors, Ashok Leyland, Mahindra & Mahindra and Exide Industries are the notable gainers from the Auto pack, having gained 1-2% each.

Bajaj Electricals, Titan Industries, Videocon Industries and TTK Prestige, up 1-2% each, are the prominent gainers from among the Consumer Durables.

The losers from the pack are HDFC Bank, DLF, Cipla, TCS and Infosys, having shed nearly 1% each.

Indian Oil and Jindal Steel & Power have gained nearly 1% each during morning trades



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