Mumbai April 25 (IANS) The key Indian equity indices traded on a flat-to-negative note on Wednesday afternoon tracking weakness in the global markets coupled with selling pressure on oil and gas banking and capital goods stocks.
However healthy buying in IT and Teck (technology media and entertainment) stocks restricted further losses on the indices.
At 1.08 p.m. the wider Nifty50 on the National Stock Exchange traded at 10 599.85 points down 14.50 points or 0.14 per cent from the previous close of 10 614.35 points.
The barometer 30-scrip Sensitive index (Sensex) of the BSE which opened at 34 593.17 points traded at 34 589.48 points (1.08 p.m.) -- down 27.16 points or 0.08 per cent -- from its previous session s close of 34 616.64 points.
So far the Sensex has touched a high of 34 614.61 points and a low of 34 501.89 points during the day.
The BSE market breadth was largely bearish with 1 447 declines and 989 advances so far.
"Sensex and Nifty opened lower following a selloff in the US markets Asian indices were also in red " said Dhruv Desai Director and Chief Operating Officer Tradebulls.
He added: "Dow Jones fell more than 400 points. US stocks fell on Tuesday giving up earlier gains as investors worried about rising interest rates."
On Wednesday the major gainers on the BSE so far were Bharti Airtel Tata Consultancy Services (TCS) Mahindra and Mahindra and Infosys while Tata Steel ONGC Larsen and Toubro Dr Reddy s Lab and Asian Paints were among the major losers.
On NSE the top gainers were Bharti Airtel Wipro and TCS. The major losers were GAIL CIPLA and Vedanta.
--IANS
rrb/ag/vm
