Mumbai, Sep 24 (Inditop.com) Indian equities markets were trading on a fairly tepid note a little after noon Thursday, although a key index recovered after falling steeply in the morning session and was ruling 0.74 percent lower than its previous close.

At 12.49 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 16,905.5 points, was ruling at 16,595.38 points, 124.12 points or 0.74 percent lower than Wednesday’s close of 16,719.5 points.

It was seen to be recovering after falling to 16,494.92 points earlier.

Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was trading in the negative terrain at 4,929.8 points, down 0.81 percent.

Broader market indices were also ruling in the red, with the BSE midcap index trading 0.4 percent lower and the BSE smallcap index moving down 0.07 percent.

The market breadth was negative, with 1,113 scrips advancing compared to 1,453 declining and 77 remaining unchanged.

Other important Asian markets were trading mixed.

The Nikkei, a key index of the Tokyo Stock Exchange, closed 173.68 points or 1.67 percent higher at 10,544.22 points.

At the Shanghai Stock Exchange, the benchmark SSE Composite was ruling 0.38 percent up at 2,853.55 points.

However, the primary index of the Hong Kong Stock Exchange, Hang Seng, was hovering at 21,061.05 points, down 534.47 points or 2.47 percent.