The two key equity benchmarks, Sensex and Nifty, on Friday opened lower in early morning trade, tracking negative global sentiments on rate hike concerns.
At 9.40 am, the two domestic indices slightly trimmed their losses. The S&P BSE Sensex was down 137 points to 61,182. On the other hand, NSE Nifty50 was trading at 17,999, down 36 points.
On the 30-share Sensex platform, Nestle, IndusInd Bank, Wipro, TCS, TechM, HCL, Infosys were trading in the red. On the flip side, UltraCemco, Tata Steel, L&T, Asian Paints, Reliance, Titan emerged early winners.
Among individual stocks, shares of RailTel Corporation gained over 2 per cent after the company bagged Rs 27.07 crore worth of order from Bangalore Metro Rail. Besides, shares of RPP Infra Projects soared over 9 per cent after the company secured a new order worth Rs 59.92 crore.
In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 per cent.
Volatility gauge, India VIX, meanwhile, rose 1 per cent.
Sectorwise, barring Nifty Metal index, which help marginal gains in a bearish market, all other sectors plunged in the sea of red. Nifty IT, Nifty Pharma, and Nifty PSU Bank indices declined the most, up to 0.7 per cent.
In the previous session on Thursday, the indices closed flat. The BSE Sensex was ended marginally higher by 44 points to 61,319. On the other hand, NSE Nifty50 closed at 18,035, up 20 points.