Soon, the BSE Sensex and NSE Nifty changed course and slipped into the negative zone, as selling pressure continued in select shares.
The BSE Sensex opened higher by 46-odd points at 26,814 and the NSE Nifty added ten points at 8,124. The key benchmark indices touched a high at 26,827 and 8,131, respectively.
Soon, the BSE Sensex and NSE Nifty changed course and slipped into the negative zone, as selling pressure continued in select shares.
The 30-shares and the 50-shares indices tumbled to a low of 26,638 and 8,070, respectively.
Now, the BSE Sensex is down almost 100 points at 26,672 and the NSE Nifty is also down 30 points at 8,085.
In the broader market, the CNX Smallcap and Midcap indices are down 0.2-0.5 percent each at 5,249 and 12,660, respectively.
Among sectors, the CNX Auto index has declined 0.4 percent at 8,055. The PSU Bank, Finance and Bank Nifty indices are down 0.2 percent each.
On the other hand, the CNX Metal index has advanced nearly a percent at 2,333 and the Pharma index has gained 0.3 percent at 11,744.
Tata Motors is the top Nifty loser - down 2.4 percent at Rs. 431. IndusInd Bank, BHEL, Bank of Baroda, Hero MotoCorp and Cairn India have dropped 1.5 percent each.
On the other hand, the Coal India has spurted over a percent at Rs. 411. Wipro, Dr. Reddy's, NMDC and ITC are the other notable gainers.
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