A day after posting considerable gains, Indian markets on Wednesday opened on a flat note.
At 11 am, BSE Sensex fell 12 points to trade at 35,367.
The NSE's benchmark index fell marginally lower to trade at 10,698 level.Power Grid and HDFC rose 1.3 percent and 0.93 percent respectively.This was followed by Reliance Industries (RIL) and Sun Pharma, which edged up by 0.87 percent and 0.76 percent, respectively.
The maximum losses were posted by Vedanta and ONGC, which fell by 1.86 percent and 1.24 percent, respectively in morning trade.
Among sectoral indices, metal index fell by over 1 percent and realty index declined by 0.7 percent on the BSE.Investor sentiment turned weak after most Asian stocks declined as trade jitters continued to simmer ahead of the July 6 deadline when US tariffs are due to take effect.
The deadline is set to see the imposition of 25 per cent tariff on $34 billion worth of Chinese goods.
China has also announced that it will retaliate against those measures, brokers said, reported Press Trust of India.In the international market, Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the spectre of a Sino-U.S.
trade war haunted investors ahead of an end-of-week deadline for U.S.
tariffs on billions of dollars worth of Chinese imports, reported Reuters.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, a day after it hit a nine-month low.
Japan's Nikkei lost 0.5 percent.Wall Street dropped on Tuesday, giving up early gains in a truncated session ahead of the Independence Day holiday on Wednesday, while technology shares came under pressure just a day after their solid start for the quarter on Monday.
The SP 500 lost 0.49 percent while the Nasdaq Composite dropped 0.86 percent.