Information technology stocks continued to witness selling pressure for second straight day
The domestic stock markets have opened flat, continuing with the consolidation seen in the past two trading sessions, due to profit-booking at higher levels. Weakness on Wall Street overnight also seem to have had its effect on the domestic markets. At 9:35 am, the BSE Sensex was trading at 49,392.79, lower by 198 points or 0.38 per cent and NSE Nifty was at 14,539.35, down 61.35 points or 0.40 per cent. But the broader markets were outperforming their largecap peers; the BSE Midcap index gained 19187, up 0.3 per cent and the BSE Smallcap index added 0.2 per cent at 18,936.