Sensex trades flat, Nifty hovers around 9,500 ahead of derivatives expiry

The benchmark indices opened lower on Wednesday ahead of the derivatives expiry of the June series scheduled for tommorow, while negative trend in Asian markets after Wall Street was knocked hard in the wake of a delay to a US healthcare reform vote, also impacted the sentiment. At 9:56 am, the S&P BSE Sensex was trading at 30,931, down 27 points, while the broader Nifty50 was ruling at 9,500, down 10 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices pared initial losses to turn flat. Commodity Trading Tips                                                                                 

"Tuesday’s sharp fall did unsettle 9,500 mark, but the pull back in the closing hour was suggestive that the falls may be overdone.To this end, a pull back is expected, but should such retracements be challenged at 9,540, then the downside objectives of 9,370 or 9,280 will be firmly in play," said brokerage Geojit Financial Services in a technical note. Nifty Trading Tips