Equity indices flat as investors struggle to assess China's coronavirus impact
Asian stocks extended a global selloff as China took more drastic steps to combat a deadly coronavirus
Mumbai: Equity benchmark indices were flat during early hours on Tuesday as investors globally struggled to assess the economic impact of China's new coronavirus.
 At 10:15 am, the BSE S&P Sensex was up by 21 points to 41,174 while the Nifty 50 edged lower by 3 points at 12,116. Sectoral indices at the National Stock Exchange were mixed with Nifty IT, FMCG and metal in the red.
 Among stocks, HDFC gained by 2.8% to Rs 2,463 per share after reporting a four-fold jump in its Q3 net profit at Rs 8.372 crore due to the one-time gain from the merger of Bandhan Bank with Gruh Finance.
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 The other prominent gainers were Bharat Petroleum Corporation, Hero MotoCorp, Mahindra & Mahindra and UPL. However, Power Grid Corporation, Nestle India, Vedanta, JSW Steel and Coal India were in the negative terrain.
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 Meanwhile, Asian stocks extended a global selloff as China took more drastic steps to combat a deadly coronavirus. As the death toll reached 106 in China, some health experts questioned whether Beijing can contain the virus which has spread to more than 10 countries.
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 MSCI's broadest index of Asia Pacific shares outside Japan slumped by 1% in early trading. Japan's Nikkei was 0.9% down while South Korea's Kospi index skidded by 3%.
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