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Sensex, Nifty Mixed In Lackluster Trade

Indian shares were little changed on Tuesday after steep losses in the previous session. The rupee erased early gains to turn flat on worries over rising trade tensions, firmer oil prices and higher U.S. interest rates.

The benchmark BSE Sensex was up 22 points at 37,944 after falling over 1 percent on Monday to post its biggest single-day decline since March 16. The broader Nifty was marginally lower at 11,437.

Adani Ports, Axis Bank, Mahindra & Mahindra, Infosys and Sun Pharma rose more than 1 percent each, while Infratel, Titan Company, Hindustan Unilever, Bajaj Finance and ITC dropped 1-2 percent.

Sun Pharma rose 1.3 percent after buying a stake in Israel-based Tarsius Pharma.

Jaiprakash Associates tumbled nearly 3 percent after ICICI Bank filed insolvency petition against the company.

Infosys advanced 1.6 percent after announcing a strategic tie-up with the Australian Open.

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