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Mumbai, India (BBN) – The Sensex and Nifty were trading flat as investors remained cautious ahead of key economic numbers — industrial production (IIP) data for February and consumer inflation for March due to be released on Wednesday.
A mixed trend in Asia had a bearing too, reports The Hindu Business Line.
Domestic sentiment was also subdued ahead of Infosys’ fourth quarter results on Thursday.
At 11:30am, the 30-share BSE index Sensex was up 30.54 points or 0.1 per cent at 29,737.15 and the 50-share NSE index Nifty was up 16.5 points or 0.18 per cent at 9,214.80.
Among BSE sectoral indices, oil & gas index gained the most by 1.32 per cent, followed by PSU 0.77 per cent, metal 0.74 per cent and capital goods 0.61 per cent.
Top five Sensex gainers were Coal India (+1.32 per cent), Axis Bank (+1.09 per cent), Tata Motors (+0.79 per cent), TCS (+0.67 per cent) and Wipro (+0.64 per cent), while the major losers were HDFC (-0.98 per cent), Asian Paints (-0.74 per cent), Hero MotoCorp (-0.52 per cent), HUL (-0.48 per cent) and Lupin (-0.41 per cent).
EARLY TRADE
The 30-share index gained 124.71 points or 0.41 per cent to 29,831.32.
The gauge had fallen 267.63 points in the previous two sessions.
The NSE Nifty-50 index was up 27.35 points or 0.29 per cent at 9,225.65.
ASIAN MARKETS
Asian stocks started the week on a cautious footing on Monday as increased geopolitical risks prompted investors to favour safe-haven bets such as government debt while the dollar benefited from comments from a US central banker.
MSCI’s broadest index of Asia-Pacific shares outside Japan was broadly flat after declining 0.4 per cent on Friday.
Korea was down 0.5 per cent while Australia was up by 0.4 per cent.
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