The market on Tuesday opened marginally in green with the Sensex up 39.87 points or 0.1 percent at 27786.53, and the Nifty down 1.05 points at 8507.65.
Shares such as Tata Motors, ICICI Bank, TCS, HDFC and Tata Steel were amongst the early gainers, while HUL lost over two percent and Bharti, Wipro, BHEL and Adani Ports were amongst the losers.
On the other hand, Mindtree slipped six percent on its Q1 results.
Among global peers, Asian markets were mixed in early trade on Tuesday, with shares of internet and telecommunication giant, SoftBank, tumbling some 10 percent as the Japanese market re-opened after being closed for a public holiday on Monday.
In asset classes, the dollar held steady against the major currencies with the dollar index holding above the 96-mark.
Crude prices slipped following a failed coup in Turkey as shipments continue through the vital conduit from Russia and Iraq to the Mediterranean Sea.
Gold prices held steady around USD 1330 an ounce.