Shares are trading without any firm direction in early trade, with weakness in real estate, bank and auto stock  being offset by strength in metals & mining, oil & gas, and capital goods.

Shares are trading without any firm direction in early trade, with weakness in real estate, bank and auto stocks being offset by strength in metals & mining, oil & gas, and capital goods. At the time of this writing, the Sensex is down 9 points, or 0.03 percent, to 28,329 while the Nifty is off 6 points, or 0.08 percent, to 8,457.

Among banks, private banks are lagging their public sector peers, with Axis Bank, HDFC Bank and ICICI Bank receding 0.2 percent to 0.6 percent. SBI was up 0.4 percent.

Property shares also exhibited broad weakness, led by DLF amid reports India’s biggest realty player had informed the apex court it would be unable to deposit Rs 580 crore as penalty in the anti-trade case it is fighting due to a cash crunch.

In news-driven movers, Coal India and SAIL moved up 0.7 percent and 1.3 percent amid reports the government was keen to push through their share sales this fiscal year. Jet Airways surged 2.8 percent after officials of the industry met the civil aviation minister yesterday and discussed a host of issues such as the 5/20 rule, granting infrastructure status to the sector and reduction in airport charges.

Coustery : http://www.moneycontrol.com/news/local-markets/live-mkt-flat-rate-sensitives-dip-as-rate-cut-hope-dims_1237937.html