Sensex, Nifty Marginally Higher In Early Trade

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( - Indian shares opened on a flat note on Tuesday amid muted global cues. Underlying sentiment remained supported somewhat after the Union Cabinet on Monday approved four GST draft Bills, which will now be tabled in Parliament's ongoing budget session.

The benchmark BSE Sensex was up 8 points or 0.03 percent at 29,526 after falling about 0.4 percent on Monday, mirroring weak global cues .The broader Nifty index was up 4 points or 0.05 percent at 9,131.

Asian markets were trading mostly higher in the wake of fresh comments from Fed officials that the pace of interest rate hikes in 2017 would be slow than what investors had feared earlier.

State Bank of India added 1 percent after the Cabinet approved the merger of The Bharatiya Mahila Bank with the country's largest lender.

IT stocks such as TCS and Infosys were narrowly mixed after reports that Nasdaq-listed Cognizant is considering laying off 6000-10000 people as part of its regular appraisal cycle this year.

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This article appears in: Economy , Stocks , World Markets , Stocks
Referenced Symbols: 500112 , 532822 , INFY

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