The key Indian equity indices are trading higher in afternoon trade on Thursday. The Nifty 50 is hovering around 22,550 while the BSE Sensex is trading around 74,600. Cement and auto stocks see big cuts while banks and financials see relative outperformance.

On February 27, the Sensex and Nifty 50 ended flat amid concerns over foreign capital outflow and trade war fears. While the Sensex gained 10 points, the Nifty 50 fell 3 points, marking its seventh consecutive loss.

The broader market struggled, with the BSE Midcap index down 1 percent and the BSE Smallcap index slipping 2 percent.

After a break for Maha Shivratri on February 26, the stock market resumed trading on February 27. In the pre-opening session, the Sensex slipped 32.80 points to 74,569.32, while the Nifty 50 saw a decline of 368.15 points, trading at 22,179.40.

On February 25, the Sensex rose by 0.20% to 74,602.12, breaking a five-day losing streak, while the Nifty 50 fell 0.03% to 22,547.55. Broader indices underperformed, and several stocks hit 52-week highs and lows amid mixed sectoral performances.

The GIFT Nifty was trading near 22,600 early on Tuesday. Catch the latest updates on the stock market here! Nifty IT extends losses for second day with Tech Mahindra, LTIM, Wipro declining the most.

The BSE Sensex declined more than 817.09 points to an intra-day low of 74,493.97 on Monday, while the Nifty 50 declined 247.55 points to touch an intraday low of 22,548.35

The 30-share BSE benchmark Sensex rose 147.71 points or 0.20 per cent to close at 74602.12. The NSE Nifty went down by 5.80 points or 0.03 per cent to close at 22547.55.​​​​