Stock markets flat in early trading, Nifty hovers around 11,300

Stock markets flat in early trading, Nifty hovers around 11,300

Mumbai: Equity benchmark indices were flat during early hours on Friday in line with Asian markets as investors prepared for the outcome of crucial US-China trade talks.

At the National Stock Exchange, sectoral indices relating to FMCG, IT and pharma were in the negative zone.

At 10:15 am, the BSE S&P Sensex was up 50 points at 37,609 while the Nifty 50 inched up 6 points to 11,304.

IT major HCL Tech dropped 4.5 percent to Rs 1,085.60. Bharti Infratel, Bharat Petroleum Corporation, Indian Oil and Asian Paints traded negative over 1 percent each.

However, Zee Entertainment, Indiabulls Housing Finance, Britannia, Reliance Industries and ICICI Bank were in the green.

Meanwhile, Asian stock markets and US equity futures were mixed as investors prepared for the news on pivotal US-China trade talks.

US President Donald Trump’s tariff increase to 25 percent on 200 billion dollars worth of Chinese goods took effect on Friday as the world’s two largest economies pursue last-ditch talks to try to salvage a trade deal.

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