In line with the global sentiments, the Indian markets too opened in the red. The Sensex opened 60 points down at 17,971 and the NIfty opened at 5,390 down 39 points.The smallcap index opened at 9,639, down 25 points or 0.2% while the midcap index started at 7,629, losing 23 points or 0.3% as compared to the benchmark index down 0.2%.
Earlier, the Asian markets were trading mixed . The Hang Seng was quoting at 20,588, lower by 148 points or 0.7% and the Nikkei was at 8,912, lower by 236 points or 2.6%. The US markets were not any different either. US stocks fell in the year's lightest volume on Monday as worries about the pace of economic recovery overshadowed data showing a rise in consumer spending and income. The Dow Jones dropped 141 points, or 1.4%, to 10,010. The Nasdaq fell 34 points, or 1.5%, to 2,120.
Among the sectoral indices on the BSE, yesterday's loser FMCG up 0.8% is the only ondex in the positive. Healty Care is flat while Oil & Gas down 0.6% and realty shedding 0.8% are the biggest losers in the opening trades.
The gainers on the Sensex are ITC up 1%, Mahindra & Mahindra addiing 0.7%, Bharti Airtel, Reliance Infrastructure and Tata Motors up 0.3%- 0.4%.
TCS, DLF, Jindal Steel shedding 1% each are the major losers on the Sensex in the morning trades. Index heavyweight RIL is down 0.9%.
The market breadth is negative. 1016 stocks have declined while 693 have advanced.
