Markets opened flat due to mixed global cues ,with the BSE Sensex at 34,491 points, and the NSE Nifty at 10,578 points.

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Metal stocks are among the top losers after global aluminium prices plunged as the US delayed the Rusal sanctions.

The US indicated that it may relieve sanctions on Rusal if Oleg Deripaska, Basic Element chief, cedes control of the company — post this, the aluminium prices retreated after the sharp rally seen in the last two weeks.

Among the index losers, Hindalco was down by 9%, Vedanta by 5% and Tata Steel by almost 2%.

Along with metals, IT stocks are showing a slip, despite the weak currency opening. The rupee continued to open above 66 against the US dollar for the seventh session.

Among the gainers, Bharti Infratel and Indiabulls Housing Finance gained above a percent.

The US market largely ended flat as the benchmark indices, Dow and S&P, ended near flatline and Nasdaq shed 0.2%. Dow Jones posted a four-day losing streak.

Asian markets slipped in the opening, however, Japan's Nikkei saw a steady rise, and Korea's Kospi, though still in the red, was showing recovery.

First Published:Apr 24, 2018 9:43 AM IST