Sensex trades flat, Nifty below 8,900 ahead of Q3 GDP data

The benchmark indices on Tuesday continued to trade flat even as Asian markets were trading higher after US president Donald Trump said he would make a "big" infrastructure statement on Tuesday. Back home, investors also await December quarter GDP data due later in the day, which is estimated to come in at 6.4% year-on-year. At 11:07 am, the S&P BSE Sensex was trading at 28,821, up 8 points, while the broader Nifty50 was ruling at 8,893, down 3 points. In the broader market, the BSE Smallcap index outperformed the frontline indices to rise 0.4%, while the BSE Midcap was little changed. "For the coming session, 8,880-8,850 would act as a strong support; whereas, on the upside, 8,931-8,982 would be seen as an immediate hurdle for the index. We would expect continuation of the consolidation phase within the range of 8,982-8,826 before resuming the higher degree up trend," said brokerage Angel Broking. Nifty Trading Tips