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The Indian stock markets dropped into the negative zone after opening higher due to emergence of fresh selling pressure in infrastructure, PSU, banking and FMCG stocks amid firm global cues. The BSE Sensex opened higher by 90.71 points at 27,292.20 and the NSE Nifty opened up by 12.1 points at 8,350.
The S&P BSE Sensex is trading at 27,124 down 77 points, while NSE Nifty is trading at 8,318 down 20 points. The BSE Mid-cap Index is trading up 0.02% at 11,870, whereas BSE Small-cap Index is trading down 0.20% at 11,973.
Tata Motors, Asian Paints, Hero MotoCorp, Cipla, Lupin, Bajaj-Auto and PowerGrid are among the gainers, whereas Bharti Airtel, ICICI Bank, ONGC, Adani Ports, GAIL and L&T are losing sheen on BSE.
Some buying activity is seen in auto, pharma, IT and comsumer discretionary goods & services sectors, while telecom, metal, capital goods, banking, oil & gas, power, finance and FMCG sectors are showing weakness on BSE. The INDIA VIX is down 0.53% at 15.2550. Out of 1,828 stocks traded on the NSE, 988 declined, 553 advanced and 287 remained unchanged today. A total of 57 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.
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