Weak global cues keep equity indices flat; banking stocks fall (Lead)
Among the sectors banking stocks witnessed heavy selling pressure a day after the government proposed to merge the Bank of Baroda Vijaya Bank and Dena Bank. The other major losing sectors were metal and auto.
At 1.36 p.m. the Nifty50 on the National Stock Exchange traded at 11 367.35 points lower by 10.40 points or 0.09 per cent from the previous close.
The BSE Sensex which had opened at 37 660.19 points traded at 37 587.56 points higher by just 2.05 points or 0.01 per cent from the previous close of 37 585.51 points.
So far it has touched an intra-day high of 37 745.44 points and a low of 37 465.68 points.
The top gainers on the Sensex were Hindustan Unilever Yes Bank ONGC Adani Ports and Mahindra and Mahindra while the major losers so far were State Bank of India Tata Motors Tata Motors (DVR) Bajaj Auto and Coal India.
--IANS ravi-rrb/mr