Stock Market News, Aug. 14 -- The domestic benchmark indices, the Sensex and Nifty 50, began on Wednesday with minimal movement as advances in information technology companies were offset by widespread profit booking following data on US producer prices that indicated inflation was slowing down.

The Nifty 50 index remained flatat 24,132.30 as of 9:53 IST, and the Sensex was trading level at 78,935.31.

After data revealed that US producer prices increased less than anticipated in July, indicating a slowdown in inflation, the IT index increased by 0.6%. The next big data point that investors will be eagerly watching is the US consumer pricing data for July, which is scheduled to be released after Indian market hours.

The US PPI inflation...