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Markets Trade Flat: Banking, Auto Stocks Lag

Stock markets trade flat on Friday with Benchmark Nifty down at 11,578-mark (-5points) and BSE Sensex was down at 38,817-mark (-6point) during mid-morning at 11.20am.

Sun Pharma, Tata Steel, UPL, Vedanta and NTPC were among major Nifty gainers, while Wipro, L&T, Bharti Airtel, Bajaj Finance and Axis bank were losers.

Sectoral indices are mixed with Nifty banking, FMCG and Auto were trading in the red.  The popular index Nifty Bank index trade lower by 0.35% at 30,609.60, led by losses in Axis bank, HDFC Bank, ICICI Bank, Bank of Baroda and SBI between 0.10 to 0.21% in range. On the other hand, IndusInda Bank, PNB and Federal Bank trade higher in the Nifty bank index.

Meantime, some stocks touched their 52-week lows on the NSE, were Blue Dart Express, CARE Ratings, Cox&Kings, Emami Paper Mills, Eris Life-Sciences, Excel Crop Care, Graphite India, HEG,  Khadim India and  Muthoot Capital Services.