Sensex, Nifty open flat; Yes Bank, Indiabulls Real Estate rise

Indianshareswere little changed on Tuesday as investors stayed on the sidelines for a second straight session ahead of the Christmas holiday, whileYesBankandIndiabullsRealEstategained.

Indianstock indexes hit record intraday highs on Friday, but with just a handful of trading days remaining in 2019, markets have since remained subdued due to a lack of significant drivers.

Optimism that a US-China trade deal would revive exports and boost corporate earnings helped Wall Streetriseto record closing highs on Monday, but Asiansharesdarted in and out of losses on Tuesday amid a holiday lull.

The Nifty was up 0.03 per centat 12,266.60 by 0434 GMT, while the Sensex ticked up 0.02 per cent to 41,648.96.

"The Nifty islikely to stay range bound between 12,150 to 12,350 zones while stock specific action islikely to continue in near term," analysts at Motilal Oswal wrote in a report.

On the Nifty 100 index, Zee Entertainment Enterprises Ltd was the top gainer with a 2.4 per centrise, while HCL Technologies Ltd fell the most.

SharesinYesBank, down 26 per centso far this month amid uncertainty over its plans to raise more capital, rose as much as 3.2 per cent.

IndiabullsRealEstate's stock climbed 1.4 per cent. The company announced plans late on Sunday to sell commercial assets to Blackstone Group for 8.1 billion rupees ($114 million).