IndusInd Bank, Yes Bank, Indiabulls Housing, Sun Pharma and Hero Motocorp were among major losers on the Nifty, while top gainers included Bharti Airtel, TCS, HCL Tech, ITC and HUL. The market data also stated that apart from IT stocks, all other sectoral indices ended on a negative note led by PSU bank (down 4.9 per cent), metal (down 3.2 per cent), auto (down 2 per cent), pharma (down 2 per cent) followed by energy, FMCG and infra stocks.
The 30-share index was trading 256.08 points, or 0.68 per cent, higher at 37,942.45 during the morning trade. Similarly, the 50-share NSE Nifty rose 74.35 points, or 0.66 per cent, to 11,263.55 on Tuesday morning. The resumption of trade talks between the US and China on Tuesday will be the first round of negotiations since May this year. However, investors are sceptical over the positive outcome of the meeting between the two strongest economies.
Global investor sentiment was positive, but the gains were capped as investors were cautious ahead of crucial talks between American and Chinese officials. Market is also awaiting the outcome of the US Federal Reserve's meeting scheduled for Wednesday this week.
Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 704.42 crore on Monday, as per provisional data. Elsewhere in Asia, while Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading on a positive note in their respective early sessions. Meanwhile, the rupee declined by 3 paise to 68.78 against the US dollar in early trade. The global crude benchmark, Brent Oil, was trading 0.42 per cent higher at USD 63.98 a barrel.