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Global cues drift market lower.

Markets have made lower opening in trades today tracking weak global cues. The Sensex was at 18,806 mark down 96 points whereas the Nifty plunged by 36 points at 5,727 levels.

The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election.

The Dow Jones industrial average slid 313 points, or 2.4%, to close at 12,933. The Standard & Poor’s 500 Index fell 34 points, or 2.37%, to 1,394. The Nasdaq Composite Index lost 75 points, or 2.5%, to close at 2,937.

On the sectoral front, BSE Power, IT, Realty, TECk, Banks, Capital Goods, Oil & Gas, PSU and Consumer Durable indices have slumped by almost 1% each. Apafrt from Healthcare and Auto, all the major BSE sectoral indices are trading in red zone.

The main losers on the Sensex at this hour include Tata Power, ICICI Bank, Wipro, Infosys, SBI, RIL, HDFC, BHEL, GAIL, L&T, ITC and Sterlite, all declining between 1-2%.



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