INDIAN BENCHMARKS Markets trade flat on mix Asian cues

INDIAN BENCHMARKS Markets trade flat on mix Asian cues

The Indian markets were trading on a flat note during the morning trading session mirroring a mixed trend in the Asian peers amid volatility in the crude oil prices after Russia and Saudi Arabia dampened prospects of a supply cut by deciding to freeze the output if other big exporters joined them.  At 9:28 am BSE SENSEX was at 23173.71, down by 18.26 points or by 0.08% while the NSE Nifty was at 7025.25, down by 23 points or by 0.33%.  The BSE MIDCAP was at 9643.88, down by 63.23 points or by 0.65% while the BSE SMLCAP was at 9747, down by 35.18 points or by 0.36%.  The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories 2.09%, Sun Pharmaceutical Industries 1.29%, NTPC 1.25%, Infosys 1.11%, Tata Motors 0.66%, among others.  The top losers of the BSE Sensex pack were Bharti Airtel 1.82%, Tata Steel 1.43%, SBI 1.41%, BHEL 1.31%, L&T 0.84%, among others.  The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of total 1194 shares traded, 389 shares advanced, 744 shares declined while 61 were unchanged.  Among the sectoral indices on BSE, BSE_CDS index was at 11579.86, down by 151.33 points or by 1.29% led by Titan Company 3.09%, Bajaj Electricals 1.51%, Symphony 1.12%, Blue Star 0.90%, Hitachi Home & Life Solutions 0.57%.

Asian shares were trading mixed amid volatility in oil prices after Russia and Saudi Arabia dampened prospects of a supply cut by deciding to freeze the output if other big exporters joined them. Japan’s Nikkei was down 1 per cent, Hong Kong’s Hang Seng was down 0.4 per cent while Singapore’s SGX Nifty and China’s Shanghai Composite had gained 0.2%.

Trend in FII flows:  

The FIIs were net  sellers of  Rs -964.17 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 590.75 Cr, as per the provisional figures released by the NSE.

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