SENSEX, NIFTY flat in early trade; Religare Enterprises jumps 10%, Swiggy zooms over 5.6%

At 9:27 AM, the S&P BSE SENSEX was trading at 81,434.18 levels, down 74 points, or 0.09%, while the NSE's NIFTY50 index ended at 24,600 levels, down 19 points, or 0.08%.

Buzzing Stocks

Broader Market

The BSE MidCap index was trading at 47,838.01, up 16 points, or 0.03%, while the BSE SmallCap index was trading at 57,400.99, up 87 points, or 0.15%. 

Global Markets

China stocks surged, and commodities and the Australian dollar found support on Tuesday on Beijing's new promises of rate cuts and a boost to consumption, while global stocks were wobbly ahead of a crucial US inflation reading.

Australia's central bank is expected to leave its cash rate on hold at 4.35% later in the day. Overnight the S&P 500 fell 0.6%, and futures dipped 0.1% in the Asian morning.

A 2.5% drop for chip titan Nvidia, which edged a fraction lower still in after-hours trade following China opening an antitrust investigation, weighed on the mood.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, led by a 1% gain for the Hang Seng index and a 2% rise in the blue-chip CSI300 index.

Japan's Nikkei rose 0.4%.