Indian shares pared early gains on Tuesday to turn flat as investors awaited key economic data on consumer inflation and industrial output for direction. Muted cues from other Asian also kept traders nervous.

Asian stock markets were trading mixed ahead of monetary policy announcements by three major central banks and the most crucial House of Commons vote on Brexit.

Closer home, the benchmark BSE Sensex was up 23 points at 35,506 in early trade, while the broader Nifty index was up 8 points at 10,795.

Infosys shed 0.8 percent after announcing voluntary delisting of its ADRs from Euronext Paris, London.

Fortis Healthcare dropped 1.5 percent after its board deferred approval of quarterly and full-year financial results to June 25.

Usha Martin jumped 7 percent on receiving board approval for sale of steel .

DCM Shriram rallied 3.5 percent on share buyback news.

Strides Shasun advanced nearly 4 percent after its subsidiary Strides Pharma Global Pte received final approval from the U.S. FDA for generic Oseltamivir Phosphate capsules.

Tata Power Company rose half a percent on winning a 150 MW solar project in Maharashtra.

Ajmera Realty added 1.4 percent after acquiring 5.5-acre land in Electronic City-II, Bengaluru.

by P2PNews Staff Writer

Market AnalysisBB

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