Indian equity markets open flat; Nifty below 8,370 mark
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%.
After opening flat, the 50-share benchmark, Nifty slipped below 8,370 mark. Photo: IANS
The Indian equity markets, on Tuesday opened flat due to weak global cues.
The 30-share benchmark, Sensex opened 62 points up at 27,341. While National Stock Exchange (NSE) Nifty opened eight points up at 8,379.
Asian shares stepped back after five straight days of gains on Tuesday as investors took stock of a rally driven by the hope that central banks will provide stimulus to offset a likely downturn triggered by Brexit.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%, but was still within reach of its June 9 peak, having risen more than 6% from its low after the Brexit vote.
Among the top gainers on BSE were JP Associate (1%), JP Power (0.29%), Syndicate Bank (3.30%) and McLeod Russel (3.63%). While, among the top losers were Coromandel International (8.65%), EID Parry (4.37%), Ashok Leyland (3.07%) and Balrampur Chini (2.36%).
On the other side, after opening flat, the 50-share benchmark, Nifty slipped below 8,370 mark.