At 12.45 pm, the broader Nifty50 of the NSE traded at 10,729.40 points -- up 13.90 points or 0.13 per cent -- from its previous close of 10,715.50 points.
Equity markets provisionally closed in the negative territory on the back of huge sell-off across all sectors led by oil and gas, metals, energy, auto and banking stocks.
The BSE Sensex provisionally closed on a flat-to-negative note after a huge sell-off in stocks of IT major Tata Consultancy Services (TCS) pulled the index lower.
Equity markets fell further during the mid-afternoon trade session with the barometer Sensex of the BSE tumbling over 700 points and the Nifty50 over 200 points.
The barometer Sensex of the BSE tumbled over 500 points following negative global cues and disappointment post Budget announcements on LTCG tax reintroduction.
The barometer Sensex of the BSE plunged almost 500 points as the re-introduction of LTCG tax for investing in equities infused huge volatility in the market.
Key Indian equity indices opened in the negative territory on February 2.
Concerned over SGX plan to launch single future stocks of Nifty 50 companies, Limaye said the move will shift liquidity out of Indian markets.
Economic reforms, coupled with political stability and prospects of higher growth led market participants to bet "big and long" on the Indian equity markets in 2017.
The key indices of the Indian equity markets traded on a flat note with marginal losses during the mid-afternoon session.
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