Opening Bell: Banks underperform; BSE Sensex slips by more than 150 points

Today, the Indian markets have opened on a positive note following Asian markets

After the Indian markets closed in red on Wednesday amid selling pressure in the final hour. Today, the Indian markets have opened on a positive note following Asian markets. The BSE Sensex has opened at 57,876.81 down by 120 points. Following it, the BSE MidCap has opened upwards at 24,019.33 gaining by 2 points. The BSE SmallCap is on the other hand is trading in the red today morning at 28,122.49 down merely 39 points. The Nifty 50 index has followed the trend trading downwards at 17,308.15 down by 14 points. The Bank Nifty is also trading in negative this morning at 37,652.35 levels down by 301 points. 

The top gaining stocks on the BSE Sensex are Tech Mahindra, HDFC Bank, Titan, Reliance, and Larsen & Toubro. The stocks that are trading in red this morning are Axis Bank, ICICI Bank, UltraTech Cement, and Induslnd Bank. 

The stocks trading positive on the Nifty 50 index are Cipla, Tata Motors, Tata Consumers, Hero Motocorp, and Bajaj Auto. The stocks in negative are Shree Cement, Axis Bank, SBI Life Insurance, State Bank of India, and Britannia. 

There are 1,550 stocks that have advanced and 1454 stocks that have declined in the morning session, while 222 stocks are locked up in the upper circuit and 206 stocks are locked in the lower circuit today. The top trending stocks this morning are Adani Ports, Tata Motors, Suzlon, and Blue Star.