BSE, NSE trade flat in line with global markets; TCS in focus ahead of Q1 results

The domestic equity markets opened flat on Thursday, tracking a similar trend in the Asian markets.

MSCI's broadest index of Asia-Pacific shares outside Japan, were down 0.1% but the index was still at an eight-month peak; Nikkei was flat, a Reuters report said.

International markets are awaiting to see the results of a Bank of England meet, where they expect bankers to cut interest rates to infuse liquidity as promised, in the aftermath of the Brexit vote.

While the 30-share benchmark BSE Sensex was trading at 27,811.05, down Rs 4.13 or 0.01% lower, the NSE was at 8.515.35, down Rs 4.15 or 0.05% from previous trading session.

All eyes in the domestic markets are on Tata Consultancy Services (TCS) which is slated to announce its April-June quarter results later in the day. In the run up to the results, TCS was trading at Rs 2,502, up Rs 10.60 or 0.43% from previous day's close.

On the BSE, the top gainers were Unitech 5.04%, Indian Hotels 4.46%, and GVK Power and Infrastructure 3.96%. And on the NSE, the top gainers included BPCL, PowerGrid, GAIL, Maruti and Tata Motors.

The rupee gained 9 paise against the dollar in early trade to 66.96 a dollar at the interbank foreign exchange.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)