The Indian benchmark indices opened marginally higher on Tuesday, ahead of May F&O expiry due later in the week. The market's focus has now shifted from elections to the last leg of March-quarter earnings and growth. Investors remain cautious ahead of Q4 GDP data due to be released on Friday. According to SBI research, India’s Q4 GDP is expected to moderate to 6.1 percent to 5.9 percent, which could pull down growth rate for the entire fiscal 2018-19 to below 7 percent.

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At 9:20 am, the Sensex was up 26 points at 39,709, and the Nifty50 was trading 4 points lower at 11,920.

Adani Ports, Coal India, YES Bank, Vedanta, and UPL were among the major gainers on the Nifty50, whereas Zee, Grasim, HDFC, Bharti Infratel, and HUL were the top losers on Nifty50.

Sectoral indices were trading mixed in the morning deals, with Nifty Metal gaining the most, up nearly 1 percent followed by Nifty Pharma (up 0.5 percent) and Nifty Auto (up 0.4 percent). Meanwhile, Nifty PSU Bank, Nifty FMCG, and Nifty Fin Services slipped in morning deals.

InterGlobe Aviation, the owner of IndiGo airlines, hit it's all-time high of Rs Rs 1,716 per share, up over 3 percent on BSE after it posted a 400 percent rise in its net profit at Rs 589.6 crore for the fourth quarter ended March 31 as against a profit of Rs 117.6 crore in the same period FY18.

Adani Ports rose 3 percent after it reported a 41.45 percent surge in its consolidated net profit to Rs 1,314.19 crore for the quarter ended on March 31, compared to Rs 929.06 crore for a year ago.

Manpasand Beverages hit the lower circuit for a second straight session after the company's top executives arrested in a fake invoice goods and services tax (GST) fraud over the weekend.

Zee fell over 1 percent after brokerages downgraded the stock and cut its target price post Q4 earnings.

Meanwhile, Asian shares tracked European gains as relief over EU election results eased concerns about political difficulties in the bloc.

Also, track all live market updates on CNBC-TV18 market blog

First Published:May 28, 2019 9:54 AM IST