Sensex trades flat, sheds 31 points in morning trade

Mumbai: The benchmark BSE Sensex shed over 31 points in early trade today on selling in banking and IT stocks by investors after recent gains amid mixed Asian trends.

Investors were cautious ahead of July series expiry in the derivatives segment on Thursday, brokers said.

The 30-share barometer, which had gained 384.82 points in the previous two sessions, fell by 31.39 points or 0.11 per cent to 28,063.95.

Also, the NSE Nifty declined by 15.20 points or 0.17 per cent to 8,620.45.

Among major losers on BSE were Lupin, HDFC Ltd, Axis Bank, Dr Reddy's, Hero MotoCorp, Infosys, HDFC Bank and ICICI Bank, which fell up to 0.78 per cent in early trade.

Stocks of Maruti Suzuki too fell 0.61 per cent to Rs 4,582.80, ahead of its quarterly earnings to be released later in the day.