Sensex opens flat, Nifty below 10,800

Thursday,   14-Feb-2019   09:25 AM (IST)

Benchmark indices opened on a flat note on Thursday taking cues from Asian markets that traded cautiously amid ongoing US-China trade talks. YES Bank surged 25 per cent in the early trade as bank on Wednesday said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18. In the broader market, S&P BSE MidCap index was trading 57 points or 0.41 per cent lower at 13,978, while S&P BSE SmallCap index was ruling at 13,299, down 41 points or 0.31 per cent. Over 750 companies are slated to release their financial results for the December quarter. Some of the notable names include Ashok Leyland, B.A.G.Films & Media, Deepak Fertilisers, Eveready Industries, Glenmark Pharmaceuticals, HDIL, Indiabulls Real Estate, Infibeam Avenues, Jet Airways, MMTC and MSPL.  Asian stocks were muted in the early trade on Thursday as investors hoped for progress in the latest Sino-US tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat while Japan’s Nikkei edged up 0.3 per cent to its highest for the year so far. In the overnight trade, US stocks ended on a positive note. The Dow ended Wednesday up 0.36 per cent, while the S&P 500 gained 0.30 per cent and the Nasdaq 0.26 per cent.