Sensex, Nifty Little Changed On Flat Asian Cues

The S&P BSE Sensex and NSE Nifty 50 indexes were little changed on the back of flat Asian cues as holiday lull offset optimism that a US-China trade deal will boost exports and corporate earnings. Gains in HDFC, ICICI Bank, Larsen & Toubro, TCS and Maruti Suzuki were offset by losses in Reliance Industries, HDFC Bank, Infosys, Axis Bank and HCL Technologies.

As of 9:22 am, the Sensex traded 28 points or 0.07 per cent higher at 41,671 and the NSE Nifty 50 index was up 14 points or 0.12 per cent at 12,277.

Fifteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Consumer Durables index's 0.5 per cent gain. S&P BSE Auto, Telceom, Consumer Discretionary Goods & Services, Utilities and Metal indexes also rose between 0.4-0.5 per cent each.

On the other hand, S&P BSE Information Technology index was top loser, down 0.3 per cent.

Mid- and small-cap shares were largely in line with their bigger peers as the S&P BSE MidCap index rose 0.12 per cent while the S&P BSE SmallCap index advanced 0.3 per cent.

Zee Entertainment was top gainer in the Nifty 50 basket of shares, the stock rose 2.5 per cent to Rs 302.10. IndusInd Bank, Tes bank, Hero MotoCorp, Mahindra & Mahindra, Titan, Cipla, ONGC and Asian paints were also among the gainers.

On the flipside, HCL Technologies, Tech Mahindra, Wipro, HDFC Bank, Dr Reddy's Labs, Axis Bank, Infosys and GAIL India were among the losers.

The overall market breadth was positive as 864 shares were advancing while 605 were declining on the BSE.