Mumbai: Indian equity markets, which opened lower on Thursday following weak cues from other Asian markets, were in the red in early trade.
Metal, banking, pharma and capital goods stocks were under selling pressure.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 105.28 points at 14,557.33.
Twenty minutes into trading, it was at 14,486.77 points, 175.84 points or 1.20 per cent below its closing figure on Wednesday.
At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,350.10 with a loss of 50.15 points or 1.14 per cent from its previous close.
The market breadth was negative. On BSE, 748 shares advanced, 891 declined and 67 remained unchanged.
Ranbaxy and Sterlite were among the gainers while Reliance Industries, ONGC and Mahindra and Mahindra were among the losers in initial trade.
Other Asian markets were also trading lower.
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