Mumbai, Jan 13 || Following a sharp recovery from lower levels, Indian benchmark indices traded flat with a negative bias on Tuesday amid rising geopolitical tensions and sustained foreign institutional outflows.
As of 9.29 am, Sensex slipped 85 points, or 0.10 per cent to 83,792 and Nifty eased 22 points, or 0.08 per cent to 25,768.
Main broad-cap indices showed slight divergence with benchmark indices, with the Nifty Midcap 100 up 0.11 per cent, while the Nifty Smallcap 100 added 0.38 per cent.
ONGC and SBI were among major gainers on the Nifty. Sectoral indices were trading mixed, with the majority of them in the red. Nifty Media and PSU bank were among the major gainers, up 0.79 per cent and 0.67 per cent.
Immediate support lies at 25,650–25,700 zone, while resistance remained at 25,950–26,000 zone, market watchers said.
Analysts said that US President Donald Trump's weaponisation of tariffs has affected global trade, especially countries which have been targeted with penal tariffs. Trump's latest declaration that the US will impose 25 per cent tariffs on countries doing trade with Iran clearly sends out the message that this policy of weaponisation of tariffs will continue.