Benchmark indices open flat, Nifty around 11,150; Sun Pharma up 4%
It is flat opening for the market as Nifty has opened at 11,151.65, up 3 points. Sensex has opened at 37,146.58. About 316 shares have advanced, 713 shares have declined, and 35 shares are unchanged.
Sun Pharma, Vedanta, Reliance, IndusInd Bank, ITC, Adani Ports and Eicher Motors are among major gainers on the indices, while losers are Tata Steel, Infosys, ONGC, Asian Paints and L&T.
Among sectoral indices, FMCG, Pharma and PSU banks are trading higher. Wall Street sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries' increasingly belligerent trade war, sending investors fleeing equities for less risky assets. Shares in Asia extended losses on Tuesday following sharp falls on Wall Street overnight, the yen strengthened and US Treasury yields ticked lower as the trade war between China and the United States escalated.
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