Mumbai, India (BBN) - Indian shares opened flat on Tuesday on weak global cues.
The Sensex opened 3 points higher at 28,443.23 against Monday's close of 28,439.28 reports The Hindu Business Line.
Similarly, the NSE Nifty opened at 8,805.70 against Monday's close of 8,801.05.
At about 9.20 am, the Sensex was quoting 13.28 points or 0.05 per cent lower at 28,426. Similarly, the NSE Nifty was down 5.45 points or 0.06 per cent at 8,795.60.
The advances to declines ratio was tilted towards declines. On the Nifty, 30 stocks declined against 20 that advanced. On the Sensex 17 stocks declined against 13 that advanced.
Tata Motors, M&M, ICICI Bank, ONGC and Adani Ports were down by up to 1.05 per cent on the Sensex.
ITC, Sun Pharma, Lupin, Cipla and GAIL lent support with gains of up to 2 per cent.
The BSE sectoral indices were trading mixed. FMCG, health care, consumer durables rose by up to 1 per cent.
GLOBAL STOCKS:
Appetite for Asian stocks and the euro evaporated on Tuesday as economic and political fears sent investors seeking shelter in the yen, while forecasts China's foreign exchange reserves has fallen for a seventh month added to jitters.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.15 per cent while Japan's Nikkei dropped 0.45 per cent as a stronger yen depressed stocks.
US stocks slipped on Monday, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought further clarity on President Donald Trump's economic policies.
BBN/SK/AD