The domestic stock markets opened in the green but quickly slipped into the red today. The S&P BSE Sensex opened at 35,492.62 against its previous close of 35,474.
The Nifty50 barometer of the National Stock Exchange (NSE) started at 10,740.10 against its last close of 10,656.
At 9:19 am, the 30-share Sense traded at 35,400.19, down 74.32 points or 0.21 per cent and the 50-scrip Nifty was at 10,641.40, with a loss of 14.80 points or 0.14 per cent.
Uncertainty will prevail in the markets, say experts. “Bears are back in action pushed by weak global cues. Uncertainty will prevail in the market owing to the upcoming election and also liquidity concern in NBFC (non-banking finance companies) sector,” said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.>