Sensex trades flat, Nifty below 8,100 after Italy votes 'no' on reform

The benchmark indices were trading flat in Monday’s trade tracking negative Asian cues after Italian Prime Minister Matteo Renzi resigned following a heavy defeat in a referendum over his plan to reform the constitution.At 10:45 am, the S&P BSE Sensex was trading at 26,188, down 42 points, while the broader Nifty50 was ruling at 8,084, down 3 points. "Although last week's high of 8,250.80 would be a daunting task to overcome, we would still expect a possibility of extending this to bounce back to 8,320-8,380 level. On the flipside, 8,055-7,952 would be seen as an immediate support zone this week," said Angel Broking in a technical note.   Stock Market Astrology Tips

Sectors and stocks

HDFC, TCS and Wipro were the top losers on the Sensex and shed up to 3%. 
Dredging Corp tanked over 5% after the company reported poor set of numbers for the September quarter.Among gainers, KEC International gained nearly 4% after the company said that it won international orders worth of Rs 840 crore of various segments viz. transmission and distribution segment, cable business.   Intraday Trading Tips

GST roll-out from April in jeopardy

The Goods and Services Tax (GST) Council failed on Saturday, for the third time in a month, to break the deadlock between the Centre and the states on the control of assessees under the new indirect tax regime. Now, it seems impossible that the GST Bill, scheduled to be placed before Parliament during the ongoing winter session, will be passed. This also casts a shadow on the April 1 deadline for rolling out GST.  Commodity Trading Tips