Markets trade flat in afternoon trade as GDP, factory growth falls

Markets continued to consolidate in the afternoon trade after Indian factory growth cooled in May as new orders expanded at a more modest pace. The Nikkei Manufacturing Purchasing Managers' Index (PMI), fell to 51.6 in May from April's 52.5, marking its fifth month above the 50 level that separates growth from contraction.
 
At 1:26 pm, the S&P BSE Sensex was trading at 31,106, down 39 points, while the broader Nifty50 was ruling at 9,605, down 16 points.
 
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.4% and 0.8%, respectively.