Indian markets were trading flat on Thursday as overall trading volumes were lower due to holiday season.

BEML, Mazagon Dock, RCF, RITES were among major losers as the markets faced selling pressure across the board.

NHPC, BEML, GAIL, HPCL and BPCL were among major gainers in the public sector stocks. NHPC was trading nearly 3.8 percent higher.

BEML share price spiked by 4 percent after the company announced that it received an order worth Rs 2500 crore from Chennai Metro Rail Limited.

Garden Reach Shipbuilders, BEML, Dredging Corporation, Mazagon Dock and NALCO were bullish among Public Sector stocks.

Prabhudas Lilladher has maintained its ACCUMULATE rating on BEML, revising the target price to Rs 4,332 from Rs 4,484, reflecting execution delays and adjustments in order intake estimates.