Sensex Trades Flat As Global Markets Stay Subdued

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Benchmark indices opened the day flat in trade, as markets worried over central bank meetings later in the month.

Global bond prices also gained ground, over worries on whether the US Fed Reserve would raise interest rates later this year.

Sensex Trades Flat As Global Markets Stay Subdued
The inability of central banks around the globe to stimulate growth, left investors worried.

The Sensex was trading with gains of 32 points, while the Nifty gained 10 points in trade.
PSU Banking shares that saw a tremendous rally in trade on Wednesday, were trading in a tight range.

Coal India, which saw its share prices fall, on Wednesday, following results that did not match expectations, saw some recovery. The stock was trading with gains of 1 per cent.

Shares in Yes Bank were trading lower, after reports that the Securities and Exchange Board of India was looking into the recent announcement and later withdrawal of the QIP of Yes Bank.

Infosys was marginally lower, after reports, which questioned, if there was a leadership crisis at the IT major.

Among the top gainers from the Nifty in early trade were Bosch and Asian Paints. While early losers apart from Yes Bank were, Hero Motor Corp, BPCL and Cipla.

Meanwhile, markets across Asia were trading with losses, over worries of central bank action in the next few days.

In the currency space the rupee opened at 66.88 to the US dollar.

Read more about: sensex, nifty
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