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Sensex, Nifty open flat; Tata Motors down

New Delhi: The market on Tuesday opened flat as the Sensex witnessed downfall of 15.74 points at 25673.12.

Nifty on the other hand witnessed a downfall of 2.80 points at 7863.25.

Shares of HUL traded up one percent while Adani Ports, Dr Reddy’s Labs, Tata Steel and Maruti were amongst the top gainers.

Hindalco, Tata Motors, Bharti Airtel, NTPC and ONGC were losers in the Sensex.

The Indian rupee opened lower by 8 paise at 66.66 per dollar on Tuesday versus previous close of 66.58.

According to the market analysts, the USD-INR pair has come off from recent highs tracking global dollar strength. The dollar rose broadly as investors moved to cover bearish bets and oil-linked currencies fell.

The yen hit a roughly two-week low after Japan’s finance minister said Tokyo was ready to intervene in the currency market if needed, with stronger risk sentiment also easing demand for traditional safe havens such as the Japanese currency.

Asia markets traded mixed, with the Japanese benchmark index leading gains in early trade, ahead of Chinese inflation data due later on Tuesday. (ANI)