Sensex trades flat, Nifty above 8,400; broader markets outshines

stock market news The Sensex and Nifty were trading flat in the afternoon trade ahead of GST meeting today. Market witnessed bargain track and short-covering amid lack of direction, although concern gripped ahead of key index heavyweights RIL third quarter results to be announced later in the day.

At 1:15 pm, the BSE Sensex was trading at 27,292, up 54 points (+0.20%) while the broader Nifty50 was ruling at 8,412, up 13 points (+0.15%). The Asian market’s negative trade capped gains. The WPI -based inflation data, which rose 3.39% YoY in December, also affected the sentiment.  In the broader market, the BSE Midcap & BSE Smallcap indices registered an uptick of 0.4%, and 0.5%, respectively.