Stock Market LIVE: Sensex, Nifty erase gains, trade flat; ITC, HUL top losers

BSE Sensex and NSE’s Nifty 50 opened higher on Tuesday, but soon erased all gains to trade flat as persistent trade frictions and turmoil in emerging markets continue to mar the outlook for global equities. Asian stocks traded mixed after US share markets eked out modest gains amid lingering concerns on US-China trade tensions. The dollar edged higher and the yen slid. Persistent trade frictions and turmoil in emerging markets continue to mar the outlook for global equities. Moreover, continued capital outflow also added pressure. On Monday, FIIs sold shares worth Rs 841.68 crore on net basis, while DIIs unloaded equities worth Rs 289.66 crore, provisional data showed. 
Sun Pharma shares rise over 1% on acquisition
Sun Pharma shares rose as much as 1.48% to Rs 649 after the company said it will acquire 18.75% stake in Israel based Tarsius Pharma for $3 million. The company is an early-stage research and development company focusing on development of drug candidates in the field of Ophthalmology.
Source- https://www.livemint.com/