Mumbai, Feb 10 (IANS) Indian equities markets traded with marginal gains during the mid-afternoon trade session on Friday as positive global cues buoyed investors' sentiments.
The key indices traded on a flat note -- marginally in the green -- as healthy buying was witnessed in banking, IT and consumer durables stocks.
However, caution prevailed ahead of the release of a key macro-economic data point -- the Index of Industrial Production (IIP).
The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 11.80 points or 0.13 per cent to 8,790.20 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,367.17 points, traded at 28,349.29 points (at 1.30 p.m.) -- up 19.59 points or 0.07 per cent, from the previous close at 28,329.70 points.
The Sensex has so far touched a high of 28,456.18 points and a low of 28,319.47 points during the intra-day trade.
The BSE market breadth was slightly tilted in favour of the bulls -- with 1,357 advances and 1,332 declines.
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, while IT stocks traded with firm sentiments, banking, pharma and cement stocks faced selling pressure at higher levels.
"Auto, oil-gas, textile, aviation, FMCG and power stocks traded with sideways sentiments due to short covering at lower levels," Desai added.
On Thursday, the NSE Nifty had inched up by 9.35 points or 0.11 per cent to close at 8,778.40 points, while the BSE Sensex was up 39.78 points or 0.14 per cent at 28,329.70 points.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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