Ethical Research - Nifty below 11,500, Sensex down 400 pts; Tata Motors, SBI slip 4%

Market Opens: It is a negative start for the Indian indices on the back of weak global cues with Nifty below 11,550.

At 09:18 hrs IST, the Sensex is down 221.88 points or 0.57% at 38875.26, and the Nifty down 67.00 points or 0.58% at 11521.20. About 318 shares have advanced, 457 shares declined, and 28 shares are unchanged.

Zee Ent, SpiceJet, Power Grid, Marico, Titan, TCS are among major gainers on the Indices, while losers are HDFC, Axis Bank, Britannia, Bajaj Finance, UPL and AU Small Bank, HDIL, Bank of Baroda and Yes Bank.

Among sectors, except IT all other indices are trading in the red. Midcap and smallcap indices are also trading with marginal loss.

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