Equity indices flat on weak Asian cues; consumer durables, IT stocks fall

Mumbai: The key Indian equity indices traded on a flat-to-negative note on Thursday afternoon tracking weak benchmark Asian markets.

In the Asian markets, the concerns of trade war escalation dampened the investor sentiments, analysts said.

According to analysts, heavy selling pressure was witnessed in the consumer durables, IT and metal stocks.

At 12.37 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,762.00 points — lower by 7.90 points or 0.07 per cent — from its previous close of 10,769.90 points.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,703.17 points, traded at 35,639.79 points (12.37 p.m.) — down by just 5.61 points or 0.02 per cent — from its previous session’s close of 35,645.40 points.

Sensex has so far touched a high of 35,748.26 points and a low of 35,522.88 points during the intra-day trade. The BSE market breadth was bearish 1,317 declines and 985 advances.

The top gainers on the Sensex were Yes Bank, ITC, Maruti Suzuki, Hero MotoCorp and Mahindra and Mahindra whereas Infosys, Vedanta, Tata Motors, Tata Steel and Tata Motors (DVR) were the major losers.

On the NSE, Yes Bank, Ultratech Cement and ITC were the highest gainers while Infosys, Titan and Vedanta lost the most.