BSE Sensex trades flat, NSE Nifty maintains 6200

BSE SensexSensex had gained 477.75 points in previous three sessions, moved down by 49.42 points to 20,848.59. (AP)

The BSE Sensex trimmed

its initial losses and was quoted still down by 5.54 points due to selling in FMCG, banking, auto and realty sectors despite buying in metal, capital goods and IT counters.

The BSE Sensex resumed lower at 20,857.85 and hovered in a range of 20,907.39 and 20,826.73 before quoting at 20903.55 at 1146hrs, showing a gain of 5.54 points or 0.03% per cent from its last close.

The NSE Nifty also moved down by 1.30 points or 0.02 per cent to 6216.55 at 1145hrs.

Major losers were Dr Reddys Laboratories 1.20 pct, NTPC 1.05 pct, HDFC 0.97 pct, Mahindra & Mahindra 0.57 pct and ITC 0.53 pct.

However, Jindal Steel firmed up by 3.58 pct followed by Hindalco Ind (3.12 pct), GAIL (2.14 pct), Bharat Heavy Electricals Ltd (BHEL) (1.26 pct) and SSLT (1.06 pct).

The Reserve Bank of India (RBI) said that based on preliminary figures, India's current account deficit (CAD) narrowed sharply to USD 5.2 billion or 1.2 pct of GDP in Q2 September 2013, from USD 21 billion or 5 pct of GDP in September 2012.

Asian stocks fell for the first time in eight days in their early trade after stronger US manufacturing data boosted speculation the Federal Reserve may pare stimulus sooner than anticipated.

Key benchmark indices in China, Indonesia, Hong Kong, Taiwan and South Korea were down 0.08 pct to one pct while indices in Japan and Singapore rose 0.04 pct to 0.53 pct.

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