Sensex trades flat, Nifty below 9,500; broader markets buck trend

The fall came in line with Asian peers after dismal performances of European and US markets

The benchmark indices were trading lower on Friday tracking negative trend seen in Asian markets following dismal performances of European and US markets.

At 12:33 am, the S&P BSE Sensex was trading at 30,828, down 29 points, while the broader Nifty50 was ruling at 9,492, down 11 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap bucked the trend to gain 0.1% each. 

"A ‘buy on dips’ market has now turned into a ‘sell on rise’ market and hence, they are repeatedly advised not to remain aggressively long on the market and in fact, try