Mumbai, Aug 29 (IANS): The key Indian equity indices traded on a flat note on Wednesday tracking mixed Asian cues and profit booking by investors after the indices soared to record levels in the last two trading sessions.

Although, the trade started on a positive note with the S&P BSE Sensex opening at the day's high of 38,989.65 points, the indices could not hold on to the gains.

Buying activity in metal, oil and gas and auto stocks, however, supported the indices so far, analysts said.

At 11.05 a.m., the wider Nifty50 on the National Stock Exchange traded at 11,735.80 points, lower by 2.70 points or 0.02 per cent from its previous close of 11,738.50 points.

The S&P BSE Sensex which had opened at 38,989.65 points, traded at 38,901.60 points, higher by 4.97 points or 0.01 per cent from its previous close of 38,896.63 points.

It touched an intra-day low of 38,842.79 points.

The top gainers on the Sensex were Vedanta, ONGC, State Bank of India, Tata Steel and Tata Motors (DVR), while Coal India, IndusInd Bank, HDFC Bank, Infosys and Tata Consultancy Services lost the most so far.

On Tuesday, supported by firm global cues, both the BSE Sensex and the NSE Nifty50 touched their respective record intra-day highs of 38,938.91 points and 11,760.20 points, before ending the day's trade at record closing levels.