Indian equity indices opened in the deep red on Thursday following negative cues from global markets.
At 9.43 a.m., Sensex was at 79,697, down 450 points or 0.56 per cent and Nifty was down 125 points or 0.51 per cent at 24,288.
Midcap and smallcap stocks are seeing less decline. The Nifty Midcap index is down 225 points or 0.40 per cent at 56,647 and the Nifty Smallcap index is at 18,672, down 50 points or 0.27 per cent.
Among the sectoral indices, Metal, realty, pharma, IT, PSU bank and energy index are major laggards. FMCG and Media index are major gainers.
Banking shares are leading the fall. Nifty Bank is down by 551 points or more than one per cent at 50,756.