Stock Market Opening Bell: Sensex, Nifty dip on US stimulus halt; IndusInd Bank, Bajaj Finance shares went off

Stock Market Opening Bell: On account of weak global cues due to the US stimulus halt, the Indian indices opened in the red zone in opening bell today. The BSE Sensex lost 87 points and hit 39,486 mark while NSE Nifty went off 21 points and touched 11,640 mark. Bank Nifty index shed 208 points and touched 22,645 levels.

Speaking on the current market trends Rohit Singre, Senior Technical Stock Analyst at LKP Securities said, "Market has strong support at 11,400 and till the market is above this level, any dip should be seen as buying opportunity. On the upper side, the market has strong hurdle in the range of 11,700 to 11,750 but once the market manages to break this hurdle, we can soon witness 12,000 levels at NSE Nifty."

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Shares of Thyrocare Tech, Infibeam Avenues, Advanced Enzyme Tech, Dixon Technologies, Reliance Infrastructure, Ajanta Pharma and Sunteck Realty were among the leading gainers in the intraday trade session while shares of Adani Green Energy, Trident, Bajaj Finance, Intellect Design, Mahindra Logistics, GIC Housing Finance, Shriram Transport Finance and KPIT Technologies were among the major losers in the early morning trade session.

Banking and financial stocks received maximum beating. Banking major IndusInd share price Bank went off 1.18 per cent, City Union Bank shares dipped around 1 per cent while shares of ICICI Bank, Kotak Mahindra Bank share shed arouond 0.95 per cent.

At the major Asian stock markets, the Japanese Nikkei went off 0.20 per cent, Kospi added 0.38 per cent, Hang Seng went up 0.47 per cent while the Shanghai index shed 0.20 per cent in the opening bell today.

At Wall Street on yesterday, Dow Jones nosedived 1.34 per cent, Nasdaq crashed 1.57 per cent, Small Cap 2000 added 0.09 per cent while S&P 500 dipped 1.40 per cent.