Sensex extends losses even as global markets rise

In the broader market, the BSE Midcap fell 0.2%, while BSE Smallcap was little changed

The benchmark indices on Tuesday opened flat with negative bias even as Asian markets rose to 19-month highs as prospects of economic stimulus in the United States lifted the Wall Street to fresh record highs overnight. 

At 11:25 am, the S&P BSE Sensex was trading at 28,339, down 13 points, while the broader Nifty50 was ruling at 8,794, down 10 points. 

In the broader market, the BSE Midcap fell 0.7%, while BSE Smallcap slipped 0.3%. 

"Technically, Nifty is well placed above the 8,770 levels, which indicates strength and has a potential to test 8,840-8,870 levels in coming trading sessions.