Sensex,Nifty50 Open Flat on Mixed Global Clues

The S&P BSE Sensex traded 100 points lower on Tuesday with a negative bias led by losses in HDFC Bank,L&T,ITC,AXIS Bank and Tata Motors.

The Nifty50 was trading around its crucial level of 8,350 weighed down by losses in realty,IT,Power,consumer durable and banking stocks.

"the market is moving in with a lot of positive buyoancy and the sentiment should continue over the next few weeks unless something goes terribly wrong globally.The market has brushed off Brexit fears.Add to that expectations of the Fed not hiking rates,expectations of GST getting cleared,monsoons being above long-period average are a few positives"

"So the enitre positive momentum in indian equities is probabily mirroring the global mood at this point and the buoyancy in the market might continue from a short-term perspective,"said joshi

The broader market traded mixed with the BSE Midcap index losing 0.09 per cent and BSE Smallcap gaining 0.10 per cent.