The two key equity benchmarks, Sensex and Nifty that opened with cuts tracking losses in global markets, erased early losses and were trading flat, on Friday. The domestic indices slipped into the red in opening trade on rate hike fears in the US. At 9.50 am, the BSE Sensex declined 9 points to 65,776. On the other hand, the NSE Nifty50 was trading at 19,490, down 7 points.
On the 30-share Sensex platform, Titan, M&M, Reliance, Maruti, Sun Pharma, Asian Paints were among the early gainers. On the downside, Bajaj Finance, IndusInd Bank, ICICI Bank, Nestle, PowerGrid, HCL emerged losers. Among specific stocks, Titan and Kalyan Jewellers zoomed 3 per cent and 5 per cent after the two reported 20 per cent and 31 per cent yearly revenue growth for Q1, respectively.
In the broader markets, the BSE Midcap index fell 0.13 per cent, while Smallcap index rose 0.22 per cent.
Sectorwise, Nifty Realty and Consumer Durable indices led gains, rising up to 1 per cent. Auto, Metal and PSB pockets also held tepid gains.
In the previous session on Thursday, the BSE Sensex settled 340 points to 65,786, while the NSE Nifty50 gained 99 points to 19,497.