The markets have opened higher but selling pressure weighed immediately a little bit by bears and markets turned into the red. Capital goods, power, banking, technology and FMCG stocks are under bears control. However, oil stocks are witnessing buying interest. Market breadth is also in negative. On global front, Asian markets are trading lower.
Ambuja Cements, BHEL, SBI, HDFC Bank, HUL, Tata Power, Reliance Energy and Hero Honda were losers in early trade.
At 9:57 am, the Sensex was down 13 points at 15,818 and the Nifty down 0.40 points at 4771.
Asian markets were trading lower. Japan's Nikkei plunged 0.68% or 90.92 points at 13,298.98. Singapore's Straits Times declined 0.38% or 11.92 points at 3,159.63. South Korea's Seoul Composite dropped 0.16% or 2.85 points at 1,760.78.
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