Sensex pares early gains to turn flat, Nifty hovers around 9,200

The benchmark indices on Monday pared initial gains to turn flat ahead of March quarter earnings, which begins later this week. Cautious trade in Asian markets on geopolitical concerns also impacted the sentiment. At 09:42 am, the S&P BSE Sensex was trading at 29,685, down 21 points, while the broader Nifty50 was ruling at 9,194, down 4 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% each. "Going ahead, we may see some consolidation or minor profit taking moves; but the undertone remains bullish and we would continue with our ‘buy on dips’ strategy in the market. The immediate support zone is seen around 9,160-9,114 for the forthcoming session. On the flipside, 9,250-9,268 levels would remain as intraday resistances," said brokerage Angel Broking in a research note.  Financial Astrology Tips

Buzzing stocks

Religare Enterprises surged over 5% to Rs 230 after the company on Sunday announced it will sell its entire 80% stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore. Divis Laboratories rose over 4% to Rs 656 after the drug firm on Saturday said the US health regulator has exempted some more products manufactured at the company's Visakhapatnam facility from an import alert issued earlier. Among losers, Sobha tanked over 8% to Rs 380 after the company's promoter Sobha Menon sold 40 lakh shares or 4.15% in the real estate firm at an average price of Rs 414.9 per share on Friday, bulk deal data on the BSE showed.  Astrology and Numerology Trading Tips