Indian equities were trading on a flat note in noon trade after registering small gains on news that the economic system of the country grew at a robust 8.6 percent during the three month period ended March 31.

The 30-share index Sensex was trading 9.84 points up at 16,872.9 as against its last closure at 16,863.06 on Friday (May 28).

At the National Stock Exchange (NSE), the broad-based Nifty slipped 0.18% at 5,057.6 from its previous closure at 5,066.55.

Broader markets also witnessed little action with the BSE midcap index recording a modest gain of 0.23% and the BSE smallcap index ruling 0.26% higher.

The stocks, which saw major selling pressure included realty and metal. In contrast, scrips of PSUs and oil and gas firms were among the gainers.

Among other Asian markets, the Japanese Nikkei marked its closure on a flat note at 9,768.7, up 0.06%.

Real estate scrips took a beating in Hong Kong and the Chinese mainland, after authorities sought to curb speculation in the property market.

Hong Kong's Hang Seng remained weak and stood at 19,708.77, down 0.29%, while the Shanghai composite index was trading 1.92% down at 2,604.72.

The South Korean Kospi was, however, trading with a 1.14% up at 1,641.25. (With Inputs from Agencies)