Sensex, Nifty Trade Flat Amid Global Market Cues

• Sensex up 55 pts, Nifty up 10 pts in flat trade after early gains.
• Eternal, Adani Ports, NTPC, Bajaj Finance among top gainers.
• Infosys, Tech Mahindra, Ultratech Cement, Kotak Bank drag.
• Rupee slips 5 paise to 88.16 against USD; range seen at 87.50–88.40.

GG News Bureau
Mumbai, 11th Sept: Domestic stock markets witnessed flat trading on Thursday with both the BSE Sensex and NSE Nifty paring early gains. Around 9:40 a.m., the Sensex was up 55.24 points at 81,480.39, while the Nifty inched 10.7 points higher to 24,983.80.

The markets had opened on a strong note with the Sensex rising 153.82 points to 81,578.97 and the Nifty climbing 34.15 points to 25,007.25 in early deals.

Top gainers on the Sensex included Eternal, Adani Ports, NTPC, Bajaj Finance, SBI, and Bajaj Finserv, while Infosys, Tech Mahindra, Ultratech Cement, and Kotak Mahindra Bank were among the laggards.

Geojit Investment’s Chief Investment Strategist V.K. Vijayakumar said India’s robust macroeconomic position and recent reforms, particularly GST, have placed the economy on the threshold of rapid growth. Prashanth Tapse, Senior VP (Research) at Mehta Equities, noted that expectations of a U.S.-India trade deal, along with Wall Street indices at record highs and softer U.S. PPI data, were supporting positive sentiment.

In currency trade, the rupee slipped 5 paise to 88.16 against the U.S. dollar in early dealings as participants awaited signals from India-U.S. trade talks. Forex dealers said fresh negotiations on the bilateral trade agreement have lent some stability to the rupee, which is expected to move in the 87.50–88.40 range. The local unit opened at 88.11 and touched an intraday low of 88.16 compared to the previous close.

In Asia, South Korea’s Kospi, Japan’s Nikkei 225, and Shanghai’s SSE Composite Index were trading higher, while Hong Kong’s Hang Seng slipped. On Wednesday, U.S. markets closed mixed.