NEW DELHI: Equity markets on Wednesday once again got off to a negative start as Sensex and Nifty were losing 0.20 per cent in early trade, a day after the Street managed to shrug off a five-day losing street.

30-share BSE Sensex opened with a minor 5-point gain but failed to hold on to it and was down more than 50 points at 9.30 am. The broader 50-share NSE Nifty too was in the red, testing the psychological mark of 10,500.

Sensex, Nifty on Monday started trade on choppy notes, erasing early gains. The benchmark BSE Sensex, at 9:21 AM, was up by 49.29 points to trade at 34,905.67 while Nifty was at 10,607.00. Pharma and auto stocks witnessed weaknesses, the shares were down by 0.8 per cent. Sun Pharma, Maruti Suzuki India and Cipla - trading around 1-2 per cent lower - were among the top losers on the 50-scrip Nifty index.

The benchmark indices fell for a fourth straight day on Friday, on concerns over high oil prices and weakness in the rupee. The Sensex declined 0.86 per cent, or 301 points to 34,848.3, while the Nifty declined 86.3 points, or 0.81 per cent to 10,596.4. Both the indices ended the week with a decline of nearly two per cent — the most in two months. The weakness in the market comes amid Brent crude oil prices climbing to $80 a barrel and the rupee declining to 68 against the dollar.

Mumbai, May 17 () Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's B S Yeddyurappa was sworn in as the chief minister of Karnataka.

Unabated buying by domestic institutional investors set the tone, brokers said.

The benchamrk BSE Sensex on Wednesday fell over 200 points over a possibility of hung house in Karnataka. Besides, the Karnataka factor Surge in US bond yield and weakness in Indian rupee also dragged the indices.

At 9:43 AM, Sensex was down by 256.15 points to trade at 35,282.74 points while Nifty was in red at 10,716.90 points.

NEW DELHI: Equity markets on Wednesday saw a positive start in morning trade as positive sentiment prevailed in the Street after BJP took early lead in Karnataka assembly election results.

30-share BSE Sensex opened around 20 points in the negative but zoomed into the green zone as the early trends of counting of votes started pouring in. At 9.30 am, Sensex was up more than 200 points at 35,759.40..

Just a day before Karnataka polls result, key indices on Monday opened in green. The benchmark BSE Sensex was trading at 35,591.51 mark and was up by 57.25 points while Nifty was tradung beyond 10,800 mark. Market breadth, indicating the overall health of the market, turned positive. On the BSE, 770 stocks rallied, 661 stocks declined, while 55 stocks remained unchanged.

The benchmark Sensex ended the week with strong gains, rallying 620.41 points close at 35,535.79, while the broader Nifty ended at 10,806.50, garnering 188.25 points.

Bulls dominated and remained in control despite anxiety ridden trading week ahead of Karnataka Assembly elections, also inhibited by weak rupee, surging crude prices and US bond yields as well as political tensions in middle east.

The benchmark Sensex rose about 134 points in early trade on Friday as investors looked forward to release of key macroeconomic data amid positive global cues.

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said.

The BSE Sensex rallied over 128 points to 35,447.43 in early session today, maintaining its positive form for the fourth straight day on positive cues from global markets.Unabated buying by domestic institutional investors fuelled the uptrend, brokers said.

The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 per cent, at 35,447.43.

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