Sensex flat; blue-chips lead on earnings

The Sensex and Nifty were trading flat on Tuesday, while blue-chips such as ICICI Bank gained on value-buying and short-covering after earnings. ICICI Bank rose 5.4 percent and was headed towards its best single-day gain in nearly a year after it reported a 10 percent rise in Jan-March net profit and said it expects the new financial year to be better in terms of bad loans. There are individual stock ourperformances led by earnings. We advise clients to be cautious for the time being," said