Market open flat amid weak global cues

Market opened marginally higher amidst subdued global cues. The 30-share BSE Sensex opened 37 points higher at 20890 levels while Nifty breached the crucial 6200 mark after opening alomst 8 points higher at 6197.  

The SGX Nifty was down 7 points or 0.2% at 6,222.

Overnight, in US, the S&P 500 and the Nasdaq ended lower on Monday while the Dow failed to close above its milestone level of 16,000 as stocks sold off late in the session following Carl Icahn's cautious comments on the equities market.

The Dow and the S&P 500 retreated from record levels with less than an hour to go in Monday's session. The Nasdaq, which had been down slightly for most of the day, fell 1.1% to a session low.

The Dow Jones industrial average rose 0.09%, to end at 15,976. The Standard & Poor's 500 Index slipped 0.37%, to finish at 1,791. The Nasdaq Composite Index slid 0.93%, to end at 3,950.

Asian shares slipped back from a two-week high on Tuesday after the previous session's hefty gains on China's economic reform plans, while the dollar was on the defensive on expectations the Federal Reserve will keep its stimulus a little longer.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, giving up some of Monday's 1.4% rally driven by sharp jump in Chinese stocks.

China's CSI300 Index surged 3.3% on Monday, its biggest one-day rise in two months, to hit a four-week peak.