India's stock markets opened lower on Tuesday as the market benchmark index Sensex declined 114 points to open at 35,355.72 points.
However, the losses were quickly pared, and the benchmark index retreated to trade in the positive range.
At 12.44 pm, Sensex traded 101 points, 0.28 percent, higher at 35,571.
The NSE's Nifty traded higher by 26 points, or 0.24 percent, at 10,789.Top Sensex gainers are Coal India (2.95 per cent), Bharti Airtel (1.59 percent) and HDFC (1.36 percent).
The top laggards are Tata Motors (2.24 percent), Reliance Industries (1.31 percent) and ICICI Bank (1.30 percent)."India, not being a major manufacturing exporter, is able to stay resilient amid global trade war tensions.
There is still some amount of pressure on midcaps, but the index heavyweights are holding up the markets," said Harendra Kumar, managing director at Elara Capital.
HDFC and cigarette maker ITC rose over 1.2 percent each, driving gains in the indexes.
Nifty FMCG index gained over 1 percent and was on track to post gains for a second session in ten.Coal India Ltd and Ultratech Cement Ltd were among the top gainers on the NSE index, rising over 2.5 percent each.Voltas shares fell as much as 4.2 percent to a near one-year low following a report of Tata Group exploring options to divest up to 9 percent stake in the company.The Indian rupee (INR) fell on Tuesday by 7 paise to 68.20 against the US dollar in early trade on month-end dollar demand from importers and banks.: Varroc Engineering IPO Opens: Five Things To KnowTechnical recommendations:A technical expert Simi Bhaumik recommends 'buy' for HDFC Bank stock near Rs 2,090-2,086 range with a stop loss at Rs 2,080 with a target of Rs 2104, Rs 2,110 and Rs 2,115.
For ICICI Bank scrip, she recommends 'sell' near Rs 290-291 range with a stop loss at Rs 292.50 and targets at Rs 287, 285.5 and Rs 284.International marketsGlobal stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting safe-haven U.S.
Treasuries and keeping the dollar on the defensive.Markets in China - the epicentre of the trade tensions with the United States - were especially hard hit.
Losses across Asian equities were broad-based after Wall Street tumbled overnight, with the SP 500 and Nasdaq suffering their steepest losses in more than two months overnight.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.75 percent.Hong Kong's Hang Seng retreated 1.2 percent, the Shanghai Composite Index slid 1.4 percent and Japan's Nikkei shed 0.5 percent.(With Reuters inputs)