Despite bullish signs from other Asian markets, Indian stock indices were trading flat in the mid-day session, having given up most of their gains. Traders became worried following reports that India’s trade with Sri Lanka had practically ceased due to the island nation’s instability, leaving exporters concerned about their payments. 

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Asian markets were trading mostly in green with Nikkei 225 surging 216.64 points or 0.82% to 26,695.41, Taiwan Weighted strengthened 76.14 points or 0.53% to 14,400.82, Hang Seng increased 50.33 points or 0.24% to 20,848.28, Jakarta Composite soared 28.80 points or 0.43% to 6,669.79, Shanghai Composite gained 10.21 points or 0.31% to 3,294.50 and KOSPI rose 6.92 points or 0.3% to 2,335.53. On the flip side, Straits Times trembled 25.80 points or 0.82% to 3,102.89.

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The Sensex is presently trading at 53,523.68, up 9.53 points or 0.02% after moving in a range of 53,498.33 and 53,861.28. On the index, there were 13 stocks that advanced and 17 stocks that declined.

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The broader indices were trading in red with the BSE Midcap index down by 0.28%, while the Small cap index was down by 0.35%. The top gaining sectoral indices on the BSE were Healthcare up by 0.63%, Capital Goods up by 0.22%, Auto up by 0.12% and Consumer Durables up by 0.01%, while Power down by 1.27%, Utilities down by 1.16%, Metal down by 0.79%, IT down by 0.73% and Basic Materials down by 0.56% were the top losing indices on BSE.

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The top gainers on the Sensex were Sun Pharma up by 1.63%, Kotak Mahindra Bank up by 1.60%, Dr Reddy’s Lab up by 0.85%, HDFC up by 0.75% and Maruti Suzuki up by 0.75%. On the flip side, Axis Bank was down by 1.03%, TCS down by 1.01%, SBI down by 0.86%, HCL Tech. down by 0.71% and Tata Steel down by 0.68% were the top losers.

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The Nifty is presently trading at 15,974.35, up 7.70 points or 0.05% after moving in a range of 15,955.55 and 16,070.85. On the index, there were 20 stocks that advanced and 30 stocks that declined.

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The top gainers on Nifty were Sun Pharma up by 1.70%, Kotak Mahindra Bank up by 1.60%, Apollo Hospital Ent. up by 1.23%, Dr Reddy’s Lab up by 0.90% and HDFC up by 0.87%. On the flip side, JSW Steel was down by 1.97%, UPL down by 1.27%, TCS down by 1.05%, Axis Bank down by 1.04% and Adani Ports & SEZ down by 0.96% were the top losers.