Indian share market opens lower, prepares to move into New Year with caution [Video]

The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty.

At around 9:25 am, Sensex was trading at 77,813.49 after declining 434.64 points or 0.56 per cent, while the Nifty was trading at 23,536 after declining 108.90 points or 0.46 per cent.

The market trend remained mixed. On the National Stock Exchange (NSE), 1,096 stocks were trading in green, while 1,040 stocks were in red.

According to market experts, “December has been weak for equity markets globally. S&P 500 is down by 2.34 per cent and Nifty is down by 2.6 per cent.”

“Markets are preparing to move into the New Year with caution since uncertainty is high and valuations are stretched,” they noted.

Nifty Bankwas down 191.50 points or 0.38 per cent at 50,761.25. Nifty Midcap 100 index was trading at 56,944.80 after dropping 244.95 points or …