Key Indian equity markets trade flat in afternoon session

Giving up all the morning gains, the key Indian equity indices on Tuesday were trading flat during afternoon session after touching record highs in the early morning session.

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"The BSE Sensex and the NSE Nifty opened higher post yesterday, a day after the indices closed at record highs for the third straight session, as better-than-expected growth in industrial output and a global equities rally lifted sentiment, but gave up all the morning gains as profit booking taking place in small pockets," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

The 30-scrip Sensitive Index (Sensex), was trading 28.24 points or 0.08 per cent lower during the afternoon session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 30.65 points or 0.29 per cent lower at 10,710.90 points.

The Sensex of the BSE, which opened at 34,877.71 points, was trading at 34,815.27 points (at 01.07 p.m.), lower 28.24 points or 0.08 per cent from the previous day's close at 34,843.51 points.

The Sensex touched a high of 34,936.03 points and a low of 34,759.88 points in the trade so far.

Good buying was seen in IT sector, while heavy selling pressure was seen in realty, metal and energy sectors.

--IANS

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