Sensex trades flat, Nifty holds above 9,650; Tata Motors top gainer

The benchmark indices was trading flat with positive bias on Tuesday tracking mixed trend in Asian markets after the S&P 500 and the Dow Jones on Wall Street hit record highs overnight thanks to a rebound in technology shares. At 10:31 am, the S&P BSE Sensex was trading at 31,361, up 50 points, while the broader Nifty50 was ruling at 9,670, up 12 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices outperformed to add 0.5% each. Meanwhile, on Monday, foreign institutional investors were net sellers to the tune of Rs 250 crore, while domestic investors bought equities worth Rs 529 crore, provisional data available with BSE showed.  "We are not so surprised with Monday's move as we had anticipated probable attempt towards the 9,700 mark. In today's session, we expect this optimism to continue and Nifty to head towards the mentioned resistance zone of 9,700-9,720.  The support zone now would be seen at 9,620-9,580 levels," said Angel Broking in a technical note. Financial Astrology Tips