INDIA STOCKS-India's equity benchmarks open flat as IT offsets broader gains
July 10 (Reuters) - Indian equity benchmarks were muted at the open on Thursday as losses in IT stocks offset broader gains, while investors remained cautious ahead of a potential trade deal with the U.S. and the start of the June-quarter earnings season.
The Nifty 50 .NSEI fell 0.04% to 25,466.25 points while the BSE Sensex .BSESN lost 0.05% to 83,485.5, as of 9:20 a.m. IST.
The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.2% and 0.1%, respectively.
Nine of the 13 major sectors advanced at the open, although the gains were marginal. IT companies .NIFTYIT fell 0.4% ahead of quarterly results from Tata Consultancy Services TCS.NS, due after market hours. TCS lost 0.5%.
Asian markets inched higher at the open, tracking overnight gains on Wall Street after U.S. President Donald Trump issued final tariff notices to seven minor trading partners. Earlier this week, the president also indicated that a deal with India was near. MKTS/GLOB
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