31 May Wednesday Sensex Nifty trade near the flat line, Elite Investment Advisory

Key benchmark indices Sensex and Nifty were trading near the flat line despite initial volatility in early trade. At 10.15 am, BSE Sensex was trading down 5.03 points at 31,154.37, while the Nifty 50 index was down 4.25 points at 9,620.30. In the broader market, the BSE Mid-cap gained 0.65%, while the BSE Small-cap rose 0.77%. 

GAIL India, Lupin Ltd and Maruti Suzuki gained more than 1% whereas Infosys Ltd, HDFC, TCS, ITC and ONGC shed the most of the index. 

The monsoon rain falls hitting the southern parts of India kept the sentiment upbeat, while the Street looked out for the March-quarter GDP numbers, to be declared later today. 

The govt will declare the GDP for the Q4 later in today. In the third quarter, the GDP had grown slightly lower, at 7 percent , down from 7.4 percent in Q2..