Sensex and Nifty Open in Red Amid Weak Global Cues

The headline market indices indicate selling across most sectors after the record-breaking rally over the last few days.

By Jyoti Kalash

Sensex falls over 250 points | Source: BSE India Website

The S&P BSE Sensex gave up the 46,000-mark that it breached yesterday and opened at 45,790, according to BSE India’s Twitter handle. The Nifty50 index also dipped below the 13,500-mark, according to NSE India’s website. Negative global cues like the inability of US politicians to agree on a new stimulus package and surging coronavirus cases have been widely seen as responsible for the dip.

BSE Midcap and Smallcap indices were also trading 0.5 per cent and 0.3 per cent lower, respectively. All sectoral indices, except Nifty Auto, Nifty FMCG, Nifty Realty and Nifty Pharma, were trading in the red. Nifty PSU Ban