Market opens flat; auto and banking stocks gain

New Delhi: Amid volatility, the two key Indian equity indices opened flat on Wednesday as global stocks continue to fall.

At 9.23 am the BSE sensex was trading at 33,420.07, up 49.44 points or 0.15 percent while the NSE Nifty was up 8.80 points or 0.09 percent at 10,253.80.

Major gainers were Tata Motors (3.48 percent), Hero MotoCorp (0.93 percent), Bajaj Auto (0.85 percent), Yes Bank (0.66 percent), M&M (0.66 percent), TCS (0.58 percent), Bajaj Auto (0.58 percent) and Maruti Suzuki (0.55 percent).

Asia-Pacific shares outside Japan was wavering either side of flat.

Japan`s Nikkei added 0.1 percent in thin volumes, while South Korea eased 0.2 percent. EMini futures for the S&P 500 also dipped 0.2 percent.

Wall Street had rallied on Tuesday as investors looked forward to earnings season and the S&P 500 pushed above a key support level. The Dow ended up 1.65 percent, while the S&P 500 gained 1.26 percent and the Nasdaq 1.04 percent.

With Agency Inputs