The market has opened in red as possibility of an Iraq civil
war looms large. The Sensex is down 1.02 points at 25189.46 and the Nifty is
down 8.50 points at 7525.05. About 349 shares have advanced, 216 shares
declined, and 26 shares are unchanged.
Indian markets are expected to trade in a range on Tuesday
tracking muted trend seen in other Asian markets and SGX Nifty.
Asian shares struck a cautious
tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas
dispute between Ukraine and Russia sapped investors' appetite for risk.
Foreign institutional investors
sold Indian shares worth a net 1.94 billion rupees on Monday, provisional
exchange data shows.
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