New Delhi, India (BBN)-The Sensex was trading on a flat note in the morning deals on Thursday on the back of subdued trading seen in most of the sectors.

Nifty was trading above its crucial psychological level of 8,400 led by some gains seen in blue-chip stocks like Axis Bank, Infosys, Larsen & Toubro and ONGC, reports NDTV.

Meanwhile, Asian stocks treaded water early on Thursday, with overnight Wall Street losses acting as a drag, while the dollar held to broad gains after minutes from the Federal Reserve’s April minutes contained no major surprises.