Mumbai April 5 (IANS) After opening at record high levels the Indian equity markets traded on a flat-to-positive note during the mid-afternoon session on Wednesday on the back of broadly positive global cues and healthy buying in consumer durables and automobile stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) after opening at a record high of 9 264.40 points traded on a flat note at 9 253.65 points (at 1.40 p.m.) -- up 15.80 points or 0.17 per cent.
The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 29 996.03 points traded at 29 932.60 points -- up 22.38 points or 0.07 per cent from the previous close at 29 910.22 points.
The Sensex touched a new 52-week high crossing the 30 000-mark during intra-day trade. It has so far touched a high of 30 007.48 points and a low of 29 817.69 points.
The BSE market breadth was bullish with 1 898 advances and 861 declines.
According to Dhruv Desai Director and Chief Operating Officer of Tradebulls the Nifty opened on a positive note on account of a firm global opening cues.
Among sectors IT sector stocks faced resistance while banking pharma auto oil-gas sector stocks traded on a sideways to positive note. Telecom media-entertainment and power sector stocks seems to be complimenting the firmness in market at current levels Desai added.
On Monday the benchmark indices closed at record high levels on the back of healthy macro-economic data and inflow of foreign funds.
The NSE Nifty closed at a new high of 9 237.85 points and the Sensex closed at a record high level at 29 910.22 points -- up 289.72 points or 0.98 per cent.
The Indian equity markets were closed on Tuesday on account of Ram Navami.
--IANS
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Indian equities trade flat, key indices scale new highs (Lead)
