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    Opening Bell: Sensex flat, Nifty above 12,050; IT stocks fall

    Opening Bell: Sensex flat, Nifty above 12,050; IT stocks fall

    Opening Bell: Sensex flat, Nifty above 12,050; IT stocks fall
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    By CNBC-TV18  IST (Published)

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    At 9:25 am, the BSE Sensex was up 10 points at 40,277 and NSE's Nifty50 was trading 1 point higher at 12,089.

    The Indian benchmark indices opened flat on Tuesday amid consolidation after hitting record highs in the previous session. Meanwhile, Asian shares inched higher as investors paused for breath after a volatile Wall Street session, but deeper concerns about growth capped gains.
    Investors were also cautious ahead of the Reserve Bank of India's (RBI) monetary policy decision due on Thursday. Experts expect the monetary policy committee (MPC) to cut repo rate for the third time in a row, to 5.75 percent from 6 percent currently.
    At 9:25 am, the BSE Sensex was up 10 points at 40,277 and NSE's Nifty50 was trading 1 point higher at 12,089.
    Dr Reddy's Tata Motors, YES Bank, L&T, and Vedanta were the top gainers on Nifty50 index, while HCL Tech, ZEE, HUL, Infosys, and HeroMoto Corp led the losses.
    IT stocks fell with HCL Tech, Infosys, and TCS down between 0.8-2 percent on strong rupee.
    Sectoral indices were trading mixed in morning deals. Nifty IT fell the most, down 1 percent followed by Nifty Media and banking indices. Meanwhile, Nifty Pharma and Nifty Realty were up 0.2 percent each.
    Globally, Australian shares were up 0.24 percent ahead of the expected interest rate cut by the Reserve Bank of Australia, as the bank hopes to revive growth. But Japan’s Nikkei gave up early gains to turn down 0.29 percent.
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