Mumbai: Stock market benchmark indices Sensex and Nifty were trading flat in a subdued trading on Tuesday, as investors stayed on the sidelines after the recent rally.
Weak trends in Asian markets and fresh foreign fund outflows also led to the subdued trading in equities during the early deals.
The 30-share BSE Sensex declined 57.43 points to 77,061.94 in early trade. The 50-share NSE Nifty dipped 31.6 points to 24,071.30.
Sensex, which closed at 77,094.07 on Monday, opened at 77,086.05 and was trading at 77,022.40, down 71.67 points or 0.09 per cent at 9.25 am. The Nifty 50, which ended the previous session at 24,102.90, opened at 24,071.30 and was quoting at 24,086.50, down 16.40 points or 0.07 per cent at the same time.
Nine of the 16 major sectors logged gains at open. The broader small-caps and mid-caps advanced 0.2% and 0.1%, respectively.
Broader Asian markets fell 2.1%, after an 8.2% rise over the previous seven sessions.
The weakness in IT stocks reflected global cues, with the Nasdaq underperforming overnight amid profit-taking in large-cap technology names. Metals too remained under pressure as reflected in Hindalco and Tata Steel’s early losses.
