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Markets open flat amidst negative global cues

Top losers include HDFC, M&M, NTPC, Kotak Bank, HDFC Bank, Adani Ports, PowerGrid, Bharti Airtel and RIL.

Markets open flat amidst negative global cues

New Delhi: Markets opened on flat to negative zone on Tuesday amid mixed cues from other Asian markets, rising crude prices and weak rupee.

The BSE Sensex fell further down by 115.17 points or 0.32 percent at 36,125.83 in early trade while the NSE Nifty fell 19.60 points or 0.18 percent to 10,864.15.

Top losers include HDFC, M&M, NTPC, Kotak Bank, HDFC Bank, Adani Ports, PowerGrid, Bharti Airtel and Reliance Industries, falling up to 2 percent. While, gainers include Yes Bank, ONGC, Hero MotoCorp, Sun Pharma, Bajaj Auto, Tata Motors, Coal India, Infosys, TCS, ICICI Bank and Asian Paints, rising up to 2 percent.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 293.12 crore Monday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 806.45 crore, provisional data available with BSE showed.

Asian shares fell in early trade on Tuesday. MSCI`s broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent as the Australian market gave up 0.5 percent and Seoul`s Kospi fell 0.6 percent. Japan`s Nikkei stock index was 0.3 percent lower, a Reuters report said.

Overnight, the Dow Jones Industrial Average closed 1.13 percent higher, the S&P 500 gained 1.09 percent and the Nasdaq Composite added 1.51 percent.

With Agency Inputs