Nifty, Sensex trade in red; HCL Tech, ITC, Infy outperforms

Only Nifty IT index is trading in green among the sectoral indices on NSE. The IT giant, Tata Consultancy Services is trading higher marginally by Rs 10.3 per share at Rs 2541.65 per share.
 
HCL Tech is the top gainer in the index trading higher by 0.7% at Rs 863.75 per share.
 
There were 151 advances, 1390 declines and 405 unchanged stocks on NSE reflecting strong negative undertone in the market.
 
At 10 AM, the S&P BSE Sensex is trading at 30426 down 144 points, while NSE Nifty is trading at 9387.2 down 51 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 70 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 2.5% at 14105, while BSE Small-cap Index is trading down 2.95% at 14609.
 
Some buying activity is seen in Information Technology while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.
 
Maruti, HDFC, Hindustan Unilever, HCL Tech and Wipro are among the gainers, whereas GAIL, Sun Pharma, Aurobindo Pharma, Adani Ports and Cipla are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is higher by close to 8% at 12.08.