Weak global cues keep key Indian equities flat (Lead)

Mumbai May 9 (IANS) The key Indian equity indices traded in a flat-to-positive note on Wednesday afternoon as weak global cues eroded investors risk-taking appetite.

According to market analysts the decline in major Asian equity markets and US President Donald Trump s decision to pull out of the 2015 Iran nuclear deal kept the trade subdued.

Healthy buying in capital goods consumer durables and IT stocks somewhat supported the indices.

At 12.22 p.m. the broader Nifty50 of the National Stock Exchange (NSE) traded at 10 731.40 points -- up 13.60 points or 0.13 per cent -- from its previous close of 10 715.50 points.

The barometer 30-scrip Sensitive Index (Sensex) which opened at 35 198.08 points traded at 35 277.01 points (12.22 p.m.) -- up 60.69 points or 0.17 per cent -- from its previous session s close of 35 134.20 points.

The Sensex has so far touched a high of 35 296.45 points and a low of 35 134.20 points during the intra-day trade.

The BSE market breadth was tilted towards the bears with 1 269 declines and 1 167 advances.

So far the major gainers on the BSE were Tata Motors Tata Motors (DVR) Bharti Airtel Asian Paints and Axis Bank while State Bank of India Mahindra and Mahindra HDFC Maruti Suzuki and Adani Ports were the major losers.

On the NSE the top gainers were Tata Motors Titan and Bharti Infratel. The major losers were BPCL Ultratech Cement and Hindustan Petroleum.

--IANS
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