NEW DELHI: Domestic equity indices were on track to snap their two-day winning streak as key benchmark indices opened in red on Tuesday on a fresh spell of selling, led by bank, financial and energy stocks even as Asian peers appeared firm on hopes of US-China trade deal.Rupee's fall against US dollar amid a tepid rise in global crude oil prices weighed on investor sentiment, whereas market awaits December quarter numbers for further direction.
Sensex slumpped nearly 100 points in opening deal, before recovering slightly.
Around 9:25 am, benchmark was 37 points, or 0.10 per cent down at 35,813, while Nifty pack was 19 points, or 0.18 per cent, down at 10,753.Out of total 31 stocks in Sensex kitty (including Tata Motors DVR), 15 were advancing and 16 were declining.
Axis Bank, NTPC, PowerGrid, YES Bank and HDFC Bank were among top losers in Sensex pack of stocks at that time.
Among gainers, Sun Pharma was at top, followed by Tata Motors, Tata Steel, Vedanta, Larsen Toubro and ICICI Bank.Bank, finance, power and oil gas were among sectors that were in negative territory.
The government is planning to incentivise ONGC and Oil India to raise output from fields that were given away without auction to state-run firms in previous years, Oil minister Dharmendra Pradhan said on Monday.
Shares of Oil India and ONGC climbed up to 0.40 per cent.Metal and pharma sectors advanced up to half-a-percent.
JSW Steel, SAIL, Tata Steel, Vedanta and Hindalco were among gainers in metal pack.BSE Midcap index was trading almost flat at 15,149, while smallcap index was outperforming Sensex.
The BSE Smallcap index was trading at 14,625, with a gain of 0.16 per cent around that time.