Indian benchmark indices opened flat on Tuesday, tracking mixed global cues, as the US and China extended their trade truce by another 90 days.
The BSE Sensex rose 80 points, or 0.10 per cent, to 80,684, while the NSE Nifty 50 inched up 0.11 per cent to 24,612.
Broader markets were in positive territory, with the BSE SmallCap gaining 0.39 per cent and the BSE MidCap adding 0.06 per cent.
Among sectoral indices, Nifty IT rose 0.79 per cent and Nifty Metal advanced 0.60 per cent. Most other indices traded mixed, posting modest moves in the range of 0.10–0.40 per cent.
In the Nifty pack, Hero MotoCorp led the gainers, followed by Tata Steel and TCS. Dr. Reddy’s Laboratories was the top loser, slipping 0.91 per cent, while ICICI Bank, HDFC Bank, Grasim, and Bajaj Finance also ended lower.
“Technically, a decisive move above 24,650 could pave the way for an upside towards 24,850, with immediate support at 24,500 and 24,330 — both attractive zones for fresh long positions,” said Amruta Shinde of Choice Broking.
Asian markets traded mostly higher after the US and China agreed on Monday to extend their trade truce until November 10. The US had earlier threatened to impose 145 per cent tariffs on Chinese goods, while Beijing had announced 125 per cent duties on US shipments — both now on hold.
Japan’s Nikkei surged 2.46 per cent to a record high, China’s Shanghai Composite rose 0.41 per cent, the Shenzhen Composite gained 0.19 per cent, South Korea’s Kospi advanced 0.40 per cent, while Hong Kong’s Hang Seng Index was flat.
On Wall Street, the Dow Jones fell 0.45 per cent, the S&P 500 slipped 0.25 per cent, and the Nasdaq Composite declined 0.30 per cent overnight.
On Monday, foreign institutional investors (FIIs) sold equities worth about ₹1,200 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹5,972 crore.
-IANS