Markets opened on a subdued note on Tuesday, with benchmark indices trading in the red amid renewed foreign institutional investor selling and mixed global cues.

The BSE Sensex , which closed at ₹83,978.49 in the previous session, opened at ₹84,000.64 and was trading at ₹83,807.57, down 170.92 points or 0.20 per cent. The Nifty 50 opened at 25,744.75 against its previous close of 25,763.35 and was trading at 25,701.80, lower by 61.55 points or 0.24 per cent at 9.56 am.

“FIIs’ renewed selling is constraining the rally in the market. During the last four days FIIs have sold equity worth ₹14,269 crores,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited. “Higher valuations in India and muted earnings growth are restraining FIIs who are more focused on c

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