Sensex, Nifty turn flat; RIL erases gains, HDFC and ICICI Bank drag

Equity benchmarks turned flat in afternoon due to further selling in Reliance Industries, HDFC, ICICI Bank and ITC.

The 30-share BSE Sensex was up 0.40 points at 31,662.37 and the 50-share NSE Nifty gained 7.30 points at 9,923.50.

But the broader markets continued to trade strong as the BSE Midcap and Smallcap indices gained 0.6 percent each. About 1,357 shares advanced against 975 declining shares on the BSE.

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Posted in: Indian Market Tips