Lacklustre trading at bourses, IT and FMCG stocks suffer

Equity benchmark indices traded at flat levels during thin year-end trading on Thursday with IT and FMCG stocks losing steam.

At 10:15 am, the BSE SandP Sensex was up by 38 points or 0.08 per cent at 47,784 while the Nifty 50 ticked higher by 3 points or 0.02 per cent to 13,985.Most sectoral indices at the National Stock Exchange were also flat with Nifty pharma moving up by 0.8 per cent and realty by 0.5 per cent but Nifty IT lost by 0.4 per cent and FMCG by 0.2 per cent.

Stocks, energy major ONGC gained by 1.4 per cent to Rs 94.60 per share while index heavyweight Reliance Industries advanced by 0.7 per cent to Rs 2,009.50.

Lenders ICICI Bank and IndusInd Bank inched up by 0.9 per cent and 0.4 per cent respectively while pharma majors Dr Reddy's, Sun Pharma and Cipla gained by 1 per cent each.