Indian markets were trading flat on Tuesday with Hero MotoCorp, Cipla and Tech Mahindra among major gainers during the early trading session. Markets are lacking any major triggers today. Mid-cap index touched yearly high in today’s trade as the rally in the stocks has lifted valuations of many mid-cap companies to their yearly or all-time highs. The current rally in markets has become broad-based in the recent weeks with many companies registering gains.

Hero MotoCorp stock was up by nearly 4.5 percent at Rs 3080. Cipla has been in the news as the promoters are selling stake to private equity player Blackstone Group. Cipla is the third largest generics company in India and it has a strong product portfolio. Blackstone could place a bid for 33.4 percent promoter stake in Cipla. This would automatically lead to open offer for the stock. Market experts believe that shareholders can gain as the open offer could come at higher levels compared to current market price. The stock has jumped in the recent sessions and is currently at its 52-week highs.

Tech Mahindra was also trading firm in today’s trade. The stock was up by 1.4 percent at Rs 1199. Axis Bank was also trading nearly 1.2 percent higher at Rs 960.

Among major losers in today’s session were Adani Ports, Mahindra & Mahindra, Sun Pharma and NTPC.

NIIT Learning listed on the exchanges at 9.6 percent discount compared to issue price.