Key Indian equity indices trading flat

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Mumbai, March 29 (IANS) After losing nearly 1.5 percent in the previous session, key Indian equity indices were trading flat on Monday, in line with global cues.

Soon after the opening bell on Tuesday, the sensitive index (Sensex) of the BSE was ruling at 24,926.48 points, with a loss of 39.92 points, or 0.16 percent, over the previous close at 24966.40 points. The index had opened at 24,957.24 points.

At the National Stock Exchange, the 50-share Nifty was ruling at 7,615.95 points, with a loss of 0.85 points, or 0.01 percent, over the previous close at 7,615.10 points. The index had opened at 7,606.55 points.

At the BSE, 16 out of 30 Sensex stocks were in the green, while 14 were trading lower, while at the NSE, 30 Nifty shares were in the red, while 20 were trading higher.

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On Monday, the Sensex was down 371.16 points, or 1.46 percent over the previous close and the Nifty had shed 101.40 points, or 1.31 percent.

“US indices ended on a flat note on Monday after trading on a choppy note as stocks showed a lack of direction on the back of uncertainty in the short term ahead of major economic data, including the jobs report,” Angel Broking said in a morning analysis.

“Most European markets remained closed on Monday on the occasion of Easter. But Indian benchmark indices fell sharply on the back of hawkish comments by Fed officials and better than expected US GDP data, increasing the likelihood of a rate hike,” the brokerage added.

“Caution also prevailed in India ahead of the futures and options expiry and monetary policy due on April 5.”

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