Equity benchmark indices fluctuated between gains and losses in opening trade on Tuesday as investors awaited the Federal Reserve's latest interest rate decision, new ECB boss Christine Lagarde's first policy meeting, and UK general election developments.
was down 7.29 points at 40,459, and the Nifty
was also down by 11 points at 11,926. India VIX was up by 1.50% at 14.81.
, Infosys, Reliance Industries, and Axis Bank
were among the top losers on the Sensex pack, while HDFC
twins, ICICI Bank, HUL and Bajaj Finance
were among the top gainers.
The IT index was down nearly 1% led by losses in Just Dial, Mindtree
, TCS and Tech Mahindra.
On the economy front, Chief Economic Advisor KV Subramanian said that the current slowdown in the Indian economy is more cyclical than structural and the government has a well-thought-out agenda for reforms.
The Indian rupee opened
higher at 70.96 per dollar vs. its previous close of 71.05/$.
The most active stocks on the NSE were Yes Bank, HDFC, Reliance
Further, foreign institutional investors (FIIs) bought shares worth Rs459.22cr, while domestic institutional investors (DIIs) bought shares of worth Rs74.93cr in the Indian equity market on December 9, as per NSE data.