Equities open flat but gain some ground in early trading on Asian cues

Benchmark indices opened on a flat note but gained some ground on Tuesday after mirroring trends in Asian markets.

At 11:20 am, the BSE Sensex was up 142 points at 35,641 while the Nifty 50 was trading 37 points higher at 10,681.

Shares of Emami jumped 2.5 per cent in the morning trade after reports that the promoters -- Agarwal and Goenka families -- have sold 10 per cent of their stakes for Rs 1,600 crore to trim debts of group companies like Emami Cement, Emami Power and others.

63 Moons Technologies, earlier known as Financial Technologies Group, rose 8 per cent after the announcement that the company has filed a lawsuit against former Finance Minister P Chidambaram and two bureaucrats in the NSEL case.

Ambuja Cements advanced marginally after the company reported revenue of Rs 2,863 crore during third quarter of 2018-19.

Yes Bank, Dr Reddy Labs, Sun Pharma and ICICI Bank were trading higher on the National Stock Exchange while Indiabulls Housing Finance, Infosys, and Wipro were trading lower.

Meanwhile, Asian markets were trading higher as investors hoped that the US-China talks will make some progress.

The White House said on Monday that trade talks between the two economic powerhouses will continue in Washington followed by high-level of negotiations later during the week.

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