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Sensex, Nifty trade flat; Sterlite Technologies, IndusInd Bank stocks surge

The market breadth was negative on the NSE with 601 shares advancing, 934 shares declining, and 259 remaining unchanged.
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Equity benchmark indices opened higher on Tuesday tracking global markets. Investors will keenly watch the inflation data to be released this week.

The Sensex was trading at 39,791 levels, up 7 points, while the Nifty was trading marginally higher at 11,924 levels. The market breadth was negative on the NSE with 601 shares advancing, 934 shares declining, and 259 remaining unchanged.

Among sectoral front, Nifty Metal and Nifty IT were marginally up, while Nifty Pharma and Nifty Realty indices fell in the morning session.

In the broader market, the BSE MidCap index jumped 13 points to 14,936, while the BSE SmallCap index slipped 12 points to 14,573.

On the currency front, the rupee opens stronger on Tuesday morning at 69.45/$ against the previous close of 69.65/$.

Anil Agarwal-led promoters of Sterlite Technologies (STL) have announced that they have removed their entire pledge on STL's shares with immediate effect. The stock rallied 10% on the NSE.

Dewan Housing Finance Corporation stocks slipped 1% after reports that it closed the deal to sell stake in Aadhar Housing Finance to investment firm Blackstone.

Shares of Eveready Industries were trading 2% down on Tuesday after India Ratings and Research has downgraded the company's Long-term Credit Rating to 'IND BBB' from 'IND A+' and maintained it on Rating Watch Negative.

Meanwhile, Asian shares traded marginally higher as investors turned hopeful of further progress on US-China trade talks after Donald Trump inked a trade deal with Mexico.

The Volatility gauge, India VIX was down 0.73% at 14.86.

The most active stocks on the NSE are Indiabulls HF, Sterlite Tech, Yes Bank and TCS.

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