Sensex, Nifty struggle in opening trade; metals shine

Mumbai: The market on Tuesday morning extended losses, the 30-share BSE Sensex fell 144.73 points or 0.61 percent to 23644.06 and the 50-share NSE Nifty declined 49.15 points or 0.68 percent to 7185.40.

FMCG, banking and technology shares were among the weakest. Metals and select auto stocks outperformed.

Tata Motors, ONGC, Maruti Suzuki, Sun Pharma and Hindalco were early gainers while NTPC, ITC, BHEL, HUL, HDFC Bank, Vedanta and PNB were under pressure.

The broader markets too were under pressure with the BSE Midcap and Smallcap indices down nearly half a percent. The market breadth was weak as about two shares declined for every share advancing on the BSE.

Markets in Asia gave up early gains on Tuesday, trading mostly lower as the improved market sentiment which spurred a global rally Monday appeared to fade. Shanghai declined over a percent. (ANI)