Sensex, Nifty Open Lower: India’s stock benchmarks opened lower, dragged by losses in information technology stocks, amid a retreat in equities across the world.
The S&P BSE Sensex shed 0.21% to 59,970.44. The NSE Nifty 50 also declined by similar magnitude to 17,905.65. Infosys Ltd. had the largest drop, falling 1.5%. In early trading, 25 of 50 shares fell, while 25 rose
The broader indices outperformed their larger peers with S&P BSE MidCap little changed and S&P BSE SmallCap adding 0.3%. Ten of the 19 sectoral indices compiled by BSE Ltd. declined with S&P BSE Information Technology falling 1%.
The market breadth was skewed in the favour of bulls. About 1,529 stocks advanced, 1,086 declined and 89 remained unchanged.
