Benchmark indices have opened the session on a flat note tracking mixed global cues after the sharp rebound witnessed on Monday on account of short-covering.
At 9.15 AM, the 30-share Sensex is 33 points lower at 27,458 levels and the 50-share Nifty is 17 points down at 8,315.
US-based Cognizant reported 9.7% growth in net profit for the quarter to $382.9 million compared with the corresponding period last year. Reacting to the news, TCS, Wipro, Tech Mahindra are trading higher up to 1.5%.
Kotak Mahindra Bank, Dabur India, ABB India, NIIT Technologies and Pfizer are among companies that will announce their respective earnings for the March quarter later during the day.
GLOBAL MARKETS
Asian shares are trading cautiously on Tuesday as investors wagered Australia would become the latest country in the region to inject more policy stimulus into its economy.
Liquidity was lacking with markets in Japan, South Korea and Thailand on holiday and little in the way of major economic data on the docket for Tuesday. The pivotal release of the week, US payrolls, is not until Friday.
Australia's main index rose 1.1% as investors waited to see if the country's central bank would cut interest rates to a record low of 2.0% as many expect.
Following positive momentum from Europe, as investors looked to Federal Reserve speeches and economic data for signals on the timing of a rate hike, US stocks closed higher.
On Wall Street, the Dow had ended Monday up 0.26%, while the S&P 500 gained 0.29% and the Nasdaq 0.23%.
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