Equity indices subdued amid weak global cues as IMF trims growth forecast

Equity Benchmark indices were flat during early hours after the IMF trimmed its global growth forecast for 2019 and 2020. The BSE S&P Sensex was down by 91 points to 41,438 Meanwhile, Nifty 50 edged lower by 15 points at 12,209. Asian Paints fell by 1.9%, UPL dropped by 1.7%, Mahindra by 1.5%, Tata Steel by 1.3%.