Benchmark indices opened the day flat, as Asian cues remained mixed, after the Dow closed marginally weak in trade.

The Japanese Nikkei was trading with gains after the Yen fell against the USdollar, while the Shanghai Composite dropped in trade.

The Sensex was trading with gains of 58 points, while the Nifty gained 16 points in trade.

Leading the set of gainers in trade were Dr Reddy's, Tata Motors, Lupin and Axis Bank.

Shares in Tata Steel dropped 2 per cent, despite reports that the company is selling its Long Products business in Europe to investment firm Greybull Capital.

Bharti Airtel, which had rallied sharply on Monday, saw a marginal dip despite the bank having received its payment bank license that it had applied for.

Other metal stocks too like Hindalco and Vedanta dropped in trade along with Tata Steel.

Tata Motors was up 1 per cent, after reporting a 10 per cent increase in the global sales, including that of Jaguar Landrover.

DLF was up after reports that a decision of DLF's promoters to sell their 40% stake in the rental arm business, had potential to unlock value for the listed company DLF.

Meanwhile, the rupee opened trade at 66.40, in line with the closing price seen on Monday.

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