Sensex, Nifty Marginally Lower In Early Trade

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Indian shares opened a tad lower on Tuesday, tracking weak cues from global markets as worries intensified about a potential U.S.-China trade war and investors looked ahead to the outcome of a key Federal Reserve policy meeting.

The benchmark BSE Sensex was marginally lower at 32,912 in early trade, extending losses for the fourth consecutive session.

The broader Nifty index was also down marginally at 10,090, with Bharti Airtel, NTPC, Aurobindo Pharma and Cipla losing 1-4 percent.

Binani Industries jumped 4 percent. The company moved the National Company Law Tribunal to terminate the insolvency proceedings in relation to Binani Cement after UltraTech Cement agreed to buy the debt-laden company.

BGR Energy Systems rallied 3 percent on securing an order worth Rs 87.68 crore from Tamil Nadu Transmission Corporation.

Future Retail advanced 1.5 percent after it received RBI approval to raise FPI limit in the company to 49 percent from 24 percent.

Granules India edged up half a percent after receiving ANDA approval for Metformin tablets.

IFCI gained about 1 percent on receiving favorable verdict in sale of the assets of Blue Coast Hotels for recovery of dues.