Indian Stocks markets opened strong on Tuesday. NSE Nifty touched an intraday high of 5114 within first few minutes of trading session. Traders are cautious before the RBI policy announcement today and stock markets reacted at higher levels. Within first hour of trading session, NSE Nifty slipped into negative zone. At 11.01 am IST, NSE Nifty was down by 2 points at 5087. BSE Sensex was marginally up at 17,030.

Among major gainers were Ranbaxy, Hero Honda, SBI, ICICI Bank, NALCO, VSNL and Tata Chemicals.

Reliance Industries was trading marginally higher at Rs 2599. The stock touched an intraday high of Rs 2609 and a low of Rs 2580 during the first hour of trading session.

Technologies counters were trading mixed. Infosys Technologies was down by 1.1%, Wipro was trading higher, while Satyam Computers was trading 0.74% lower. Nasdaq and Dow Jones closed flat after a strong opening.

Major losers included Rolta, MTNL, Tata Tea, Unitech, Mastek and GMR Infra.