India’s benchmark indices opened in the red on Thursday, with selling pressure seen in heavyweight stocks such as Power Grid, Kotak Mahindra Bank, and Sun Pharma.
At 9:26 am, the Sensex was down 208 points or 0.26 per cent at 81,122, while the Nifty declined by 54 points or 0.22 per cent to 24,612.
Buying was seen across midcap and smallcap stocks. The Nifty Midcap 100 index was up 169 points or 0.30 per cent at 56,306, and the Nifty Smallcap 100 index rose 96 points or 0.56 per cent to 17,243.
On the sectoral front, auto, PSU bank, metal, media, infra and commodities were major gainers. Conversely, IT, FMCG, realty and energy sectors were the main losers.
In the Sensex pack, Adani Ports, Tata Motors, Bharti Airtel, Tech Mahindra, Tata Steel, UltraTech Cement and Bajaj Finance were major gainers. Power Grid, IndusInd Bank, Sun Pharma, Infosys, Eternal (Zomato), and Axis Bank were major losers.
Most Asian markets were trading in the red. Tokyo, Shanghai, Hong Kong, Bangkok and Seoul were among the major losers, while Jakarta was in the green.
Meanwhile, the US market closed mixed on Wednesday. The Dow Jones fell 0.21 per cent, while the technology-heavy Nasdaq gained 0.72 per cent.
On the institutional front, foreign institutional investors (FIIs) were net buyers of equities worth ₹931 crore on May 14, while domestic institutional investors (DIIs) purchased equities worth ₹316 crore.
IANS