The equity benchmark indices started in red on Tuesday’s trading session extending losses to the third consecutive session.
In the early trade, the S&P BSE Sensex plunged as much as 176.92 points to 38,946.04, while the NSE Nifty 50 index fell as much as 48.65 points to 11,651.00.
At 9:59 am, the 30-share Sensex traded at 39,104.83, with a loss of 18.13 points or 0.05%, while the Nifty 50 index was at 11,686.15, down 13.50 points or 0.12%.
Top laggards on the Sensex were Tata Steel, Tech Mahindra, Asian Paints, Sun Pharma, and HCL Tech, trading between 0.87% and 1.59%.
Zee Entertainment, JSW Steel, Tata Steel, and Indiabulls Housing Finance, were the top losers on the 50-scrip Nifty index.
Globally, the MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.09%, E-Mini futures for the S&P 500 was up a minor 0.08%, while Japan’s Nikkei and South Korean market traded flat.
Meanwhile, the Sensex fell 72 points or 0.18%, to close at 39,123, and the broader Nifty ended 24 points or 0.21% lower at 11,700.