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Indian equities gave up gains from the early part of the trading day to end little changed as private banking stocks underperformed.
The S&P BSE Sensex ended 50 points lower at 52,104 while the NSE Nifty 50 index ended unchanged from Monday's closing at 15,313.
After a 1,300 point surge on Monday, the Nifty Bank index saw some consolidation to end 200 points or 0.6% lower at 37,098.
Metal stocks were the biggest outperformers in today's session with the Metal index ending with gains of 2.9%. State-run banks were the other outperformers with the PSU Bank index ending 1.6% higher.
I.T. stocks were the biggest laggards in today's session, with the Nifty I.T. index ending with cuts of 1.5%.
Most other indices were little changed.
Broader Markets outperformed in today's session. The Nifty Midcap index gained 0.4% while the Small cap index ended 0.1% higher.
The India Volatility Index ended 1.4% higher at 21.78.
1,056 stocks on the NSE ended lower while 829 stocks posted gains.
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Indian equities have opened with a positive bias on Tuesday, echoing the sentiment across the Asia-Pacific, where markets are trading with strong gains.
The S&P BSE Sense has opened 0.5% higher at 52,400 while the NSE Nifty 50 index is up 0.4% at the start of trade at 15,371.
After a 1,300 point surge on Monday, the Nifty Bank has opened 0.5% higher at 37,492 while the PSU Bank index is up 2% on news reports of privatisation of various state-run lenders.
Among other sectoral indices, the Nifty I.T. index is up 0.5% while the Auto index has gained 0.4%.
Broader markets have opened in-line with the benchmark indices. The Nifty Midcap index is up 0.4% while the Small cap index is up 0.5% in the early minutes of trading.
1,199 stocks on the NSE have opened with gains while 406 are declining.
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