S&P BSE Sensex and NSE Nifty50 indices of Indian stock market opened modestly on Friday amid volatile trading on the international markets due to ongoing worries about sharp increase in interest rates.

On Tuesday, the major equity indices were trading with respectable gains. Metal, pharma and media shares declined, while PSU banks, IT and oil & gas shares were in demand. 

The Nifty 50 index also witnessed a drop of 19 points, trading at 17,936 level.

Due to selling pressure in the banking and IT sectors, the Indian market indices Sensex and Nifty50 gave up early gains on Tuesday. Heavyweights including HDFC Bank, Infosys, Reliance and TCS, which released its quarterly results the day before, were the main drags on the major indices. However, gains in sectors like auto and metal prevented both the Sensex and Nifty50 from suffering further losses. 

After a weak opening on Wednesday, the Indian stock markets extended their losses.

The S&P BSE Sensex and Nifty50 indices of Indian stocks resumed trading on Tuesday with modest gains.