The market has opened in red as possibility of an Iraq civil war looms large. The Sensex is down 1.02 points at 25189.46 and the Nifty is down 8.50 points at 7525.05. About 349 shares have advanced, 216 shares declined, and 26 shares are unchanged.
Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets and SGX Nifty.
Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk.
Foreign institutional investors sold Indian shares worth a net 1.94 billion rupees on Monday, provisional exchange data shows.
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