Markets open flat; Asian markets mixed

Markets have made a flat opening tracking mixed global cues. At 9:32, the Nifty  gained by 3 points at 7,659 levels. Due to some technical glitch rates are not updating on BSE.

The euro came under mounting pressure on Wednesday as the European Central Bank's liquidity package encouraged flows out of the zone, while Asian shares consolidated near recent highs following a flat finish on Wall Street.

The single currency was sliding across the board as investors looked to borrow euros at super-low rates and buy higher-yielding assets abroad, the so-called carry trade.

In contrast the dollar found support in a run of improving US economic data which pushed up Treasury yields and stoked speculation the Federal Reserve might sound less dovish on policy when it meets next week.

US stocks finished nearly flat on Tuesday, although the Dow eked out another record closing high as utilities' shares fell while 10-year bond yields hit their highest level in a month.

Six of the 10 primary S&P 500 sector indexes ended the session lower. The decline was led by a 0.3% drop in the S&P utilities index. Utility stocks' high dividends tend to lose some of their appeal when bond yields jump.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 682.26 crore on Tuesday, 10 June 2014, as per provisional data from the stock exchanges.

The main gainers on NSE are Grasim Sun Pharma, Ambuja Cements, Infosys and BPCL.

On the losing side, Hero Moto, Ultratech, HDFC, Tata Motors and M&M have declined between 0.3-1%.