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The Nifty50 Index was down 0.14 per cent at 17,705.90 as of 10:49 am IST, while the S&P BSE Sensex rose 0.07 per cent to 59,871.49
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Indian equities struggled for direction in early trade on Tuesday, as investors assessed weakness in Asia, while weighing prospects of slower pace of US Fed rate hikes ahead.
The Nifty50 Index was down 0.14 per cent at 17,705.90 as of 10:49 am IST, while the S&P BSE Sensex rose 0.07 per cent to 59,871.49.
The benchmark indices kicked off higher on Monday in the special Diwali Muhurat Trading session, to register gains for seven straight sessions.
Foreign institutional investors (FIIs) sold a net 1.54 billion Indian rupees (USD 18.61 million) worth of equities on Monday, while domestic investors bought net 801.2 million rupees worth of shares, as per provisional data available with the National Stock Exchange.
Nifty's public sector bank and energy were among the top losers, falling 0.7 per cent and 0.4 per cent, respectively.
In broader Asia, equities fell to new 2.5-year lows on Tuesday, as weakness in Chinese shares outweighed early gains following a rally on Wall Street on hopes of a less aggressive Federal Reserve.
(With Reuters Inputs)