Sensex, Nifty give up gains after higher opening, trade flat

BSE Sensex and NSE’s Nifty 50 opened higher on Tuesday, but soon erased all gains to trade flat as persistent trade frictions and turmoil in emerging markets continue to mar the outlook for global equities. 

Banks continue to trade in the green, while autos too have maintained their lead. The Nifty Midcap index is hovering around its opening levels, up around a quarter of a per cent.  

Index heavyweight names such as ITC, HUL and HDFC twins too are weighing on the market.  

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At 9:25 am, the BSE Sensex was trading 66 points lower at 37,856, with 17 index stocks trading in the black. The Nifty was ruling 10 points lower at 11,428. A total of 23 index stocks were trading in the green.

Meanwhile, the top five Sensex gainers were Axis Bank, Mahindra and Mahindra, Infosys, Adani Ports, and State Bank of India, which gained between 0.89 per cent and 1.50 per cent.