Mumbai: Indian stock market opened with a decline in Thursday’s trading session. Most of the market indices are trading in red. At 9:20 am, the Sensex was down 193 points or 0.24 percent at 80,523 and the Nifty was down 66 points or 0.27 percent at 24,546. Big selling is being seen in midcap and smallcap stocks.
The Nifty Midcap 100 index is down 456 points or 0.79 percent at 57,207 and the Nifty Smallcap 100 index is down 86 points or 0.45 percent at 18,975. The market trend remains negative. On the National Stock Exchange (NSE), 788 stocks remain in the green and 1294 stocks in the red.
Sector-wise, Auto, Fin Services, Metal, Media, Realty and Energy indices are in red and IT and PSU Bank indices are in uptrend. Sun Pharma, HCS Tech, Infosys, TCS, Axis Bank, SBI and M&M are the top gainers in the Sensex pack. Asian Paints, Bajaj Finance, Tata Steel, UltraTech Cement, NTPC, JSW, Reliance, HDFC Bank and NTPC are the top losers.
Market experts say that the update on the budget can have an impact on the market. Today, IT giant Infosys will release its results. This will provide more clarity on the state of the IT sector. Consolidation may continue in pharma and healthcare stocks. Asian markets are trading mixed. Tokyo, Shanghai and Seoul are down, while Hong Kong, Bangkok and Jakarta markets are in the green. US markets closed mixed on Wednesday.
