The benchmark indices opened flat on Tuesday after touching new record highs in Monday’s trade. Investors are eagerly awaiting the govt’s last budget before the 2019 general poll that will be rolled out in Parliament on 1 February.
The BSE Sensex trades lower by 224 points to 36,058, while the NSE Nifty falls 80 points to 11,050 levels in later morning hours.
The shares of TCS, Tech Mahindra, HDFC Bank, Asian Paints, Powergrid, Adani Ports and L&T were trading down, over 1% each in the opening trade, while shares of SBI, Bajaj Auto and Hero Motocorp were trading a little higher.
Auto stocks were trading higher on Tuesday. Hero MotoCorp Ltd rose 0.63%, Bajaj Auto Ltd 0.26%, Tata Motors Ltd 0.33% and TVS Motors Ltd 0.65% while Maruti Suzuki India down 0.17%.
Major gainers emerged on NSE Nifty-50 shares include Eicher Motors, HDFC, Maruti Suzuki, Bharti Infratel, TCS, Hero MotoCorp, IOC, Indiabulls-HF, Tata Steel, Kotak Mahindra Bank, Bajaj Auto, L&T, HDFC Bank, Tech Mahindra, Sun Pharma rising by 1 to 4 percent.