Mumbai, 17 February. The Indian stock market opened in the red in Tuesday’s trading session. At 9:23 am, the Sensex was at 83,098, down 175 points or 0.21 per cent, and the Nifty was at 25,572, down 78 points or 0.31 per cent. Metal shares were doing the job of putting pressure on the market in the initial trading. Due to this, Nifty Metal and Nifty Commodities were the top losers among the indices. Apart from this, there was also a decline in Nifty Private Bank, Nifty Oil&Gas, Nifty Financial Services, Nifty Realty, Nifty Services, Nifty Infra, Nifty Energy and Nifty PSU Bank indices.

On the other hand, Nifty India Defence, Nifty IT, Nifty Pharma and Nifty FMCG were in the green. On the other hand, smallcap and midcap were seeing mixed trading. The Nifty Smallcap 100 index was at 17,056 with a marginal gain of 5.60 points and the Nifty Midcap 100 index was at 59,597 with a weakness of 125 points. Asian Paints, Infosys, BEL, Indigo, HCL Tech, ITC, TCS, Tech Mahindra, Sun Pharma, SBI, L&T and Titan were the gainers in the Sensex pack. Eternal, Tata Steel, ICICI Bank, UltraTech Cement, Bajaj Finance, Kotak Mahindra Bank, Trent, HDFC Bank and NTPC were the losers. Mixed trading is taking place in global markets.

Tokyo and Hong Kong were in the green, while the Bangkok market was trading under pressure. The markets of Shanghai, Seoul and Jakarta are closed. Weakness is being seen in the commodity market. Crude oil is in the red. Till the time of writing the news, Brent crude was at $ 68.39 per barrel with a weakness of 0.38 percent and WTI crude was at $ 63.39 per ounce with a weakness of 0.27 percent. At the same time, gold and silver were trading weakly in the international market. On Comex, gold was down by about one percent at $ 4,969 an ounce and silver was at $ 75 an ounce, down by about two percent.