Sensex flat; Ambuja Cements, ACC extend rally ahead of earnings

The BSE Sensex opened with modest gains but the markets witnessed selling pressure tracking Asian cues. At 9.20 am, it traded 5 points higher at 17,397 while the broader Nifty index was up 3 points at 5,303.Japan's Nikkei 225 index (-0.77%) was the worst performer in Asia on the back of record trade deficit. However, benchmarks in Hong Kong (0.32%), Taiwan and Thailand traded with gains. Spain said bad loans held by banks soared to a...