Mumbai Aug 29 (IANS) The key Indian equity indices traded on a flat note on Wednesday tracking mixed Asian cues and profit booking by investors after the indices soared to record levels in the last two trading sessions.
Although the trade started on a positive note with the S&P BSE Sensex opening at the day s high of 38 989.65 points the indices could not hold on to the gains.
Buying activity in metal oil and gas and auto stocks however supported the indices so far analysts said.
At 11.05 a.m. the wider Nifty50 on the National Stock Exchange traded at 11 735.80 points lower by 2.70 points or 0.02 per cent from its previous close of 11 738.50 points.
The S&P BSE Sensex which had opened at 38 989.65 points traded at 38 901.60 points higher by 4.97 points or 0.01 per cent from its previous close of 38 896.63 points.
It touched an intra-day low of 38 842.79 points.
The top gainers on the Sensex were Vedanta ONGC State Bank of India Tata Steel and Tata Motors (DVR) while Coal India IndusInd Bank HDFC Bank Infosys and Tata Consultancy Services lost the most so far.
On Tuesday supported by firm global cues both the BSE Sensex and the NSE Nifty50 touched their respective record intra-day highs of 38 938.91 points and 11 760.20 points before ending the day s trade at record closing levels.

--IANS rrb/anp