Broader market Sensex was also trading flat at 18,235.64 points in afternoon trade
Foreign funds have poured in $12.7 billion so far in 2010 in Indian equities, including primary market offerings
Oil companies were in focus again tracking developments on the future of Cairn India ownership
Earlier, an oil ministry source had said all options were open for PSUs on Cairn India
Most analysts do not expect ONGC and other state energy firms to launch a counter bid
ONGC, GAIL and Oil India could make a counterbid for Cairn India shares
ONGC is the leader of the consortium with 50% share. OIL, GAIL will each have 20-25%
Cairn holds a 49% participating interest in the block, KG-ONN-2003/1
Approval from ONGC, which has a 30% stake in Cairn India's Rajasthan oil block called RJ-ON-90/1, is also crucial
To raise Rs 21,000 crore by selling off 5% in ONGC and 10% in IOC
