Indian Markets Trade Flat; Asian Markets Subdued

Benchmark indices opened the day on a flat note, even as Asian cues remained weak on worries over deadline of trade tariffs and meeting of some central bankers. The Sensex was trading with gains of 14 points, while the Nifty was up 1 point in trade.

Shares in HeroMotor Corp rallied after the company said that it will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective January 1, 2020.

Reliance Industries and HDFC were some of the early gainers in trade from the Nifty space. GAIL, which saw its stock drop to a 52-week low on Monday, continued to trade with weakness.

Shares in PC Jeweller fell 3 per cent after CRISIL downgraded the company's long & short-term ratings to bank loan facilities to 'D'. The stock was last trading at Rs 24.

Shares in Dilip Buildcon were trading higher after reports that the company was the lowest bidder for Delhi Metro project. The shares exchanged hands at Rs 379.40.

Meanwhile, the rupee opened marginally higher in trade at 70.96 against the dollar, against Monday's close of 71.05 to the dollar.