Indian equities continue to trade on a flat note on Thursday led by consumer durables and capital goods stocks. At 11.22 a.m., the Sensex was trading down 11.21 points or 0.04% at 28,021.64 with 19 components falling. Meanwhile, the Nifty was trading higher by 0.80 points or 0.01% at 8,383.10 with 16 components gaining.

The Consumer Durables index dropped the most with a fall of 1.44% followed by Capital Goods (0.5%) and Power (0.49%). On the other hand Healthcare climbed by 0.77%. BHEL, GAIL, Axis Bank and HDFC Bank were top losers in the Sensex pack. On the other hand, SBI, Cipla, Hindalco and Infosys were major gainers in the benchmark index.

The BSE Mid and small caps outperformed their larger counterparts gaining 0.20% and 0.15% respectively. Overall market breadth was negative with 1,235 advances against 1,271 declines.

Shares of Indiabulls Securities witnessed a sharp rise of 10.20% after Indiabulls Distribution Services, a wholly owned subsidiary of the company has acquired 100% of the share capital of India Land and Properties for a consideration of Rs 6 billion. India Land and Properties owns a commercial complex of 3 towers with a total constructed area of 2.4 million Sq. ft and leasable area of 2 million Sq. ft.