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 percent, at 81,122, while the Nifty declined by 54 points, or 0.22 percent, to 24,612.
Buying was seen across midcap and smallcap stocks. The Nifty Midcap 100 index was up 169 points or 0.30 percent, at 56,306, and the Nifty Smallcap 100 index rose 96 points or 0.56 percent, 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 percent, while the technology-heavy Nasdaq gained 0.72 percent.
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.
(DD News)
