Mumbai: Key equity indices had a muted start Tuesday. The benchmark Sensex was up 70 points while the Nifty advanced by 24 points.
Both the indices opened slightly higher after some recovery was seen in the Asian markets after Monday’s slide.
A global sell-off was triggered after concerns of growth slowdown emerged following weak German manufacturing data Friday.
Besides, the Federal Reserve’s dovish stance on interest rates last week also spooked the markets.
Worries also resurfaced about trade relations between US and China ahead of talks scheduled for Thursday.
Except for Nifty IT index, all the sectoral indices traded in the green.
The Sensex of the BSE opened at 37,886.29 from its previous close at 37,808.91 Monday. At 9.31 a.m., the Sensex traded at 37,878.65 up 69.74 points or 0.18 per cent.
The Nifty of the National Stock Exchange (NSE) opened at 11,375.20 after closing at 11,354.25 Monday. It traded at 11,379.00 during the morning trade session, up 24.75 points and 0.22 per cent.
Foreign Institutional Investors bought stocks worth Rs 150.40 crore Monday while Domestic Institutional Investors sold scrips worth Rs 12.52 crore.