Equity indices turn flat after initial gains

The key Indian equity indices pared their initial gains on Tuesday to trade on a flat note.

Mumbai, April 28 The key Indian equity indices pared their initial gains on Tuesday to trade on a flat note.

The Sensex had opened over 350 points higher at 32,101.91.

Selling pressure was witnessed in FMCG, healthcare and energy stocks, while healthy buying took place in finance and banking stocks.

A mixed trend among the Asian stock markets also weighed on the Indian indices, analysts said.

At 10.19 a.m., Sensex was trading at 31,814.77, higher by 71.69 points or 0.23 per cent from the previous close of 31,743.08.

It has touched an intra-day high of 32,164.65 and a low of 31,661.34 points so far.

The Nifty50 on the National Stock Exchange was trading at 9,296.85, higher by 4.55 points or 0.16 per cent from the previous close.

( With inputs from IANS )