Benchmark stock market indices opened flat on Tuesday as markets consolidated ahead of a busy day with many Q2 results to be announced.

The S&P BSE Sensex was down by 123.01 points to 83,855.48, while the NSE Nifty50 lost 53.50 points to 25,710.05 as of 9:33 am.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that FIIs’ renewed selling is constraining the rally in the market.

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