Equity indices cede major gains to trade flat (Lead)

Mumbai : The key Indian equity indices traded on a flat-to-positive note during the afternoon session on Monday, after opening sharply higher on the back of healthy April-June GDP figures released last week.

The indices trimmed major gains made earlier in the day, due to weak Asian markets. Globally, Asian markets traded in the negative territory on concerns of escalations in the US-China trade war.

According to analysts, healthy buying was witnessed in consumer durables, healthcare and IT stocks.

At 1.08 p.m., the wider Nifty50 on the National Stock Exchange traded at 11,684.75 points, higher by 4.25 points or 0.04 per cent from its previous close of 11,680.50 points.

The benchmark S&P BSE Sensex, which had opened at 38,915.91 points, traded at 38,666.18 points, higher by 21.11 points or 0.05 per cent from its previous close of 38,645.07 points.

So far, it has touched an intra-day high 38,934.35 points and a low of 38,655.66 points.

The BSE market breadth, however, remained bullish with 1,576 advances and 919 declines.

The top gainers on the Sensex were, Wipro, Sun Pharma, Adani Ports, Reliance Industries, Infosys while Hindustan Unilever, Maruti Suzuki, Kotak Mahindra Bank, NTPC and ICICI Bank were the major losers so far.