Mumbai, India (BBN)-The Sensex and Nifty were trading flat due to mixed Asian cues.
At 11:35am, the 30-share BSE index Sensex was up 40.05 points or 0.15 per cent at 26,356.39 and the 50-share NSE index Nifty was up 11.05 points or 0.14 per cent at 8,125.35.
Among BSE sectoral indices, banking index fell the most by 1.16 per cent, consumer durables 0.33 per cent, IT 0.27 per cent and metal 0.21 per cent. On the other hand, oil & gas index was up 1.52 per cent, power 1.25 per cent, infrastructure per cent and realty 0.6 per cent.
Top five Sensex gainers were Bharti Airtel (+2.89%), Power Grid (+2.76%), Cipla (+2.01%), Hero MotoCorp (+1.38%) and Bajaj Auto (+0.73%), while the major losers were ICICI Bank (+1.92%), SBI (+1.82%), Axis Bank (+1.72%), TCS (+1.56%) and Wipro (+1.45%).
A report by IFA Global said: “Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 157 points and Nikkei index is trading lower by 146 points following lack of global cues. US stock markets closed on a positive note. the Dow Jones Industrial Average closed higher by 68 points and Nasdaq index closed higher by 18 points. US equities closed at fresh record high levels after re-opening following Thursday’s Thanksgiving Holiday. European stock markets closed marginally in the green, with FTSE closing higher by 11 points and CAC higher by 7 points. European markets ended the day marginally higher after second estimate number for UK’s GDP came in line with expectation.
Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring US stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on US interest rates to rise.
That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding USmarkets in the weeks since Donald Trump’s November 8 election win.