BSE Sensex flat ahead of the PMI data

Indian stock markets were trading flat on Monday with the BSE benchmark Sensex trading 2.02 points lower at 21,118.10 points, while the NSE’s Nifty trading 5.25 points lower at 6,271.70 points at 10.50 am ahead of India’s manufacturing data.

Markit Economics will unveil HSBC India Manufacturing PMI for February later on Monday. The PMI data measures the business activity of India’s factories. The HSBC PMI posted a reading of 51.4 for January 2014, up from 50.7 for December 2013.

Among sectoral indices, the BSE Bankex (0.54%), BSE Realty (1.41%) and BSE Consumer Durables (1.03%) were the major gainers. Among individual stocks, State Bank of India (1.18%), Hindalco (1.09%) and GaIl (0.85%) were the major gainers on the 30-share Sensex.

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Among Asian indices, the Nikkei (-1.29%), Hang Seng (-0.6%), Kospi (-0.81%) and Straits Times (-0.81%) were trading in the red.