Markets trade marginally higher after muted start

Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the US.

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Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, analysts said.

After a muted start, the 30-share BSE Sensex further declined 121.55 points to 83,320.95 in early trade. The 50-share NSE Nifty dipped 37.15 points to 25,424.15.

However, soon both the benchmark indices recovered the early lost ground and were trading marginally higher. The BSE benchmark quoted 86.13 points higher at 83,526.55, and the Nifty traded 19.75 points up at 25,481.05.

From the Sensex firms, Kotak Mahindra Bank, Eternal, Bharat Electronics Ltd, Tata Motors, NTPC, and Adani Ports were among the major gainers.

However, Titan, Mahindra & Mahindra, Sun Pharma, HCL Tech, and Trent were among the laggards.