Benchmarks were seeing a profit booking session owing to lack of buying action at existing levels due to lack of supportive signals from worldwide peers.

Following the downtrend in Asian and European markets, Indian Stock markets have been trading lower on Tuesday. At 1 pm IST, Indian stock markets were trading with a loss of nearly 110 point.

Indian markets are trading rangebound and BSE Sensex is marginally higher at 16757 at 1.20 pm.

Capitalvia Global Research Limited has maintained 'buy' rating on Sun Pharmaceuticals Limited stock with targets of Rs 540-550.