Markets opened flat on Tuesday, amid weak Asian cues, with index heavyweight Infosys leading the decline. Further, an uptick in consumer price inflation also dampened sentiment.
the S&P BSE Sensex was down 3 points at 28,149 and the Nifty50 was down 5 points at 8,667.
Industrial production in volume terms continued to show signs of weakness even as it recovered to grow 1.2% in May, after a 0.8% contraction in April, data released on Tuesday showed.
CPI inflation inched up to a 22-month high of 5.77% in June, from 5.76% in May.
Meanwhile, the July inflation data based on wholesale price index (WPI) is scheduled to be announced later today.
GLOBAL MARKETS
Asian stocks pared early gains and were trading with marginal losses. Earlier, stocks in the continent had touched one-year highs on the back of uptick in global crude oil proces and sharp overnight gains on Wall Street. China's Shanghai Composite down 0.5% while Hang Seng eased 0.2%. In Japan, the benchmark Nikkei was down 1.2% while Straits Times eased 0.1%.
Asian stocks pared early gains and were trading with marginal losses. Earlier, stocks in the continent had touched one-year highs on the back of uptick in global crude oil proces and sharp overnight gains on Wall Street. China's Shanghai Composite down 0.5% while Hang Seng eased 0.2%. In Japan, the benchmark Nikkei was down 1.2% while Straits Times eased 0.1%.
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