Stock Market

NEW DELHI: Benchmark indices opened on a tepid note on Tuesday tracking mixed cues from other Asian markets, ahead of the outcome of three-day monetary policy committee. At 9.21 am, the BSE Sensex was trading 51.48 points, or 0.14 per cent, lower at 36,189.52.

The NSE barometer fell 14.65 points, or 0.13 per cent, to 10,869.10.

Both the indices settled higher in the last six consecutive sessions.

Asian shares fell in early trade on Tuesday as a relief rally sparked by a truce in the US-China trade war gave way to doubts on whether the two countries are able to resolve their differences before a 90-day deadline, Reuters reported. Among Sensex stocks, shares of Mahindra Mahindra declined 1.89 per cent to Rs 749.90.

HDFC, Bharti Airtel, NTPC and HDFC Bank fell 1.31 per cent, 0.97 per cent, 0.86 per cent and 0.81 per cent, respectively.

ONGC rose 1.89 per cent to Rs 145.30.

Tata Motors added 1.60 per cent to Rs 178.20.

YES Bank, Asian Paints and Coal India advanced up to 0.9 per cent.

YES Bank rose as the private lender appointed TS Vijayan, a former chairman of Insurance Regulatory Development Authority, to its board of directors after a series of resignations.

Sun Pharma added 0.5 per cent.

India’s largest drugmaker said that it will work towards re-establishing credibility and corporate governance which could include the review of some past decisions such as a $250 million loan to employees and others and a possible buyout of a domestic company classified as a related party.





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