Markets are trading marginally lower in the morning deals. The Sensex is down 31 points at 17,600 and the 50-share Nifty has slipped 11 points at 5,323 levels.
Meanwhile, the IT stocks are witnessing profit booking in the morning trades. the BSE IT index has emerged as the top sectoral loser, down nearly 1% or 48 points at 5,750. Auto, teck, PSU, metal, capital goods, oil & gas realty indices are also trading on a weak note.
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(Updated at 9.20 AM)
Markets have opened on a flat note tracking subdued global cues. The Sensex opened at 17,607, down 26 points and the 50-share Nifty has shed 7 points to open at 5,327 levels.
Overnight, mixed data led US markets to a flat close. Dow slipped 22 points while Nasdaq added four points.
In Asia, markets were trading on a mixed note. Shanghai Composite was down 9 points at 2,064, Hang Seng was up 13 points at 19,825 and the Nikkei was up 21 points at 9,054.
Back home, Tata Power is the top gainer among the Sensex stocks. It has opened higher by nearly 1% at Rs 99. Sun Pharma has also advanced 0.6% to open at Rs 685. GAIL India, Cipla, ITC, NTPC, Dr Reddy's Labs and SBI have opened on a flat note.
On the other hand, Sterlite Industries, Tata Motors, Bajaj Auto, Tata Steel, ONNMGC, Mahindra & Mahindra, Coal India, Infosys, Hero MotoCorp, TCS and Larsen & Toubro have openeld lower in trades today.
Most of the sectoral indices have opened lower. The BSE metal index is the top sectoral loser, down 1% at 9,930 levels. Auto, IT, Oil & Gas, PSU, Consumer Durables, Bankex and Capital Goods indices have also shed 0.1-0.8% each.
At the same time, Healthcare, FMCG, power and realty indices have opened on a flat note.
The broader markets have opened flat withe BSE mid-cap and small-cap indices trading on a listless note.
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