Mumbai May 9 (IANS) Indian equity markets traded on a flat note -- marginally in the green -- during the mid-afternoon trade session on Tuesday with healthy buying in capital goods metal and oil and gas stocks.
However broadly negative global cues and a weak rupee capped gains.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 12.40 points or 0.13 per cent to 9 326.45 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 29 977.50 points traded at 29 959.30 points (at 12.45 p.m.) -- up 33.15 points or 0.11 per cent from the previous day s close at 29 926.15 points.
The Sensex has so far touched a high of 30 008.35 points and a low of 29 912.24 points during the day s trade.
The BSE market breadth was bullish with 1 434 advances and 1 157 declines.
Dhruv Desai Director and Chief Operating Officer of Tradebulls said the equity benchmark indices started off the day on a slightly positive note tracking mixed global cues.
However both the indices failed to hold the opening gains tracking depreciation of the rupee against the US dollar. IT sector stocks extended previous session s gains along with aviation sector stocks on strong buying support Desai told IANS.
We expect the Indian equities to continue with range bound trading in the second half of the session as well. Firm USD/INR futures may pressurise the market sentiments.
On Monday positive global cues and a strong rupee buoyed the benchmark indices to close on a flat-to-positive note.
The NSE Nifty rose by 28.75 points or 0.31 per cent to 9 314.05 points while the BSE Sensex closed at 29 926.15 points -- up 67.35 points or 0.23 per cent.
--IANS
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Indian equities trade on a flat note
