Markets trade flat on profit booking snapping gains of last 2 sessions

Benchmark indices continued trading flat in the early-morning trade after a splendid performance in yesterday's trade on profit booking and muted global cues amid controversy around US President Donald Trump.  Back home, while corporate earnings and GST rate speculations kept the investors on toes, good monsoon prediction capped the losses. A total of 51 companies will report their earnings today including Hindustan Unilever, JSW Steel, IOB, Allahabad Bank, Bajaj Finserv, Bajaj Finance, MRPL and United Beweries. Commodity Trading Tips

At open, the 30-share Sensex rose 38 points to notch its new fresh high of 30,620, while the 50-share Nifty rose 9 points to reach another fresh high of 9,521. Before this, both the indices had hit their record highs yesterday. At 9:39 am, the S&P BSE Sensex was trading at 30,586, up 4 points, while the broader Nifty50 was ruling at 9,509, down 3 points. In the broader market, the S&P BSE Midcap index and the S&P BSE Smallcap index were trading flat, up 0.1% and 0.01%, respectively. Nifty Trading Tips