The Indian indices erased early gains and turned flat on Tuesday taking a cue from week global markets and US-China trade worries. All sectoral indices remained in green except realty and media.

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At 12:08 PM, the BSE Sensex was up 98.32 points, or 0.25 percent, at 38,698.66, and the Nifty 50 inched up 19.70 points, or 0.17 percent, at 11,617.40.

Sectors such as the Nifty Metal, FMCG and public sector banks led gains. Meanwhile, media sector was down by 0.76 percent along with realty space, which is down 0.17 percent.

Hindustan Unilever, Hindalco, Power Grid, Vedanta and Titan were among the major gainers on Nifty 50, whereas BPCL, Asian Paints, Indian Oil Corporation, Bharti Airtel and GAIL led the losses.

FMCG sector is up 0.97 percent led by Marico, Hindustan Unilever and GlaxoSmithKline Consumer. Shares of HUL are up about 3 percent while GSK Consumer is trading higher above 2 percent intra-day on the NSE.

Shares of Marico surged 8 percent after the FMCG major posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter of 2018-19.

Asian markets remain mixed on Tuesday afternoon trade amid renewed tensions between the US and China after Washington said tariffs on Chinese goods will rise on Friday.

MSCI’s broadest index of Asia-Pacific shares outside Japan was off 1.15 percent, trading in a tight band.

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