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Market opens flat on tepid Asian cues; HDFC twins, M&M drag indexes

Market opens flat on tepid Asian cues; HDFC twins, M&M drag indexes

Market opens flat on tepid Asian cues; HDFC twins, M&M drag indexes
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By CNBC-TV18 Dec 4, 2018 10:08:55 AM IST (Published)

The Indian market opened flat on Tuesday, following weak Asian cues as investors remained worried over the US-China trade tariff war. The concerns came from the fact that Beijing has not given any commitment to remove car tariffs flagged by the US.

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The Sensex started higher by 8 points at 36,248.80, while the Nifty slipped by 5 points to 10,878.70. The Nifty Bank slipped nearly 46 points, while the Nifty MidCap was marginally up.
The NSE index was marginally down by 6.65 points to 10,877 in the pre-open trade at 9.08 am. The BSE index was marginally up by 49 points to 36,290.
Among gainers, ONGC, UPL, Tata Motors, Dr Reddy's Labs and Ultra Tech Cement shares gained by up to nearly 2 percent.
M&M, HDFC, HDFC Bank, JSW Steel and NTPC shares dipped by up to 2.4 percent.
Earlier, the rupee opened weak at 70.49 against the US dollar on Tuesday after Monday's close of 70.45.
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