The Indian market was trading in the red on Thursday afternoon with the Nifty50 trading marginally lower at 10,821 and the 30-share BSE Sensex trading lower by nearly 100 points at 36,118 at 12.30 pm.

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Benchmark indices traded cautious ahead of third quarter results of key bluechips amid subdued Asian markets where lack of clarity on the outcome of the three-day US-China trade tariff talks weighed on sentiments.

IT major Tata Consultancy Services is set to announce its third-quarter results later in the day.

Broader markets outperformed with the Nifty MidCap trading higher by 0.41 percent and the BSE MidCap up by 0.33 percent.

BSE Realty was leading the 23 advancing sectors. The realty index gained nearly a percent, while BSE Auto and Nifty Media were other prominent sectoral gainers. BSE Oil & Gas slipped a percent, the weakest among the 20 declining sectors. BSE Bankex and Nifty Bank also slipped nearly half a percent. The latter was particularly dragged by IndusInd Bank which slipped over 2 percent after third quarter results on Wednesday.

Among index gainers, Tata Motors, NTPC, UPL, Eicher Motors, Bajaj Auto, M&M and TCS, surged between 0.55 percent and 1.68 percent.

Top laggards included HPCL, IndusInd Bank, Bharti Infratel, Grasim, BPCL, Axis Bank, ICICI Bank, ONGC and HDFC, slipping between 0.80 percent and 3.05 percent.

The rupee traded at 70.53 against the US dollar at noon, after opening largely unchanged.

In Asia, Japan's Nikkei traded lower by 1.3 percent, South Korea's Kospi was mildly lower by 0.09 percent. Both Hong Kong's Hang Seng and the Shanghai Composite Index were flat in the red.

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First Published:Jan 10, 2019 12:34 PM IST