The market is absolutely flat with the Nifty hovering around 8650. The 50-share index is up 15.95 points or 0.2 percent at 8652.50 and the Sensex is up 66.37 points or 0.3 percent at 28069.49. About 1121 shares have advanced, 1391 shares declined, and 143 shares are unchanged.
ITC, Maruti, Hero MotoCorp, HUL and ONGC are top gainers while HDFC, Wipro, GAIL, Lupin and Bharti are major losers in the Sensex. FMCG index is down 1.9 percent.
Japanese Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen (USD 132.04 billion) in fiscal measures on Tuesday as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending.
The package includes 7.5 trillion yen in spending by the national and local governments, and earmarks 6 trillion yen from the Fiscal Investment and Loan Program, which is not included in the government's general budget.
The stimulus spending is part of a renewed government effort to coordinate its policy with the Bank of Japan, but growing concerns that the BOJ policy has reached its limit triggered the worst sell-off in government bonds in three years.
