In the first half of trading hours, the Sensex breached 33,000 levels and dropped to 32,967 points and the Nifty is just above 10,100 at 10,123.
The markets were still in the red even though there has been a slight recovery since openings. The BSE Sensex pulled up to 33,023 points, recovering 100 points and the Nifty recovered 20 points from losses, trading around 10,140 points, however, still below 10,150 levels.
The global markets still have their red flags raised. Though Japan's Nikkei went 250 points off lows, the Asian markets show a 1-2 % decline as US stocks fell sharply due to technology firms. PSU Banks, IT and Auto rebounded while metals and pharma stocks remain under pressure.
Fortis Healthcare, post the demerger buzz, continues to extend losses. Auto and IT stocks are the top index gainers as of yet, with Maruti Suzuki India taking the lead. Maruti and Wipro have gained close to 2% and TCS and Hero Motorcorp have gained close to a percent in intra-day trading.
In the first half of trading hours, the Sensex breached 33,000 levels and dropped to 32,967 points and the Nifty is just above 10,100 at 10,123. The sectoral indices had further dropped by half a percent with the Nifty Bank dropping by over 200 points and with the Nifty Midcap dropping by over 100 points.
The markets opened in the red due to weak global cues. The NSE Nifty opened at 10,131 points and the BSE Sensex opened at 33,027 points, losing 0.5% gains. The Nifty Midcap and the Nifty Bank opened losing over a percent. The markets are currently trading lower as against yesterday's highs.
Global markets continue to give out weak cues. The European markets opened in lows as they were affected the Wall Street The European Stoxx 600 was 0.72% lower briefly after the market opening, with all sectors in the red. The Asian markets continue to drag.
First Published: IST