Markets open in red, all major indices down 0.2%

A trader reacts as he watches screens on the floor of the New York Stock Exchange in New York on Feb 5

A trader reacts as he watches screens on the floor of the New York Stock Exchange in New York on Feb 5

Gitanjali Gems cracked 4.90 per cent to Rs 13.60 after National Stock Exchange (NSE) levied penalty on the company for failure to file financial results for quarter ending December.

A fresh spell of selling dragged down most of the sectoral indices, led by oil & gas, realty, metal, FMCG, power, capital goods, auto and PSU which fell up to 0.94%.

The Sensex has so far touched a high of 34,077.32 points and a low of 33,790.09 points during the intra-day trade. Overseas, most Asian stocks ended mixed and European equities opened sightly up as investors awaited release of the US inflation data later in the day for clues on the pace of US Fed rate hike, brokers said. This is the biggest single-day gain since March 2016. "The gains came on the back of positive global equity markets as worldwide trade-war concerns took a backseat to economic optimism following a stronger U.S. jobs report released over the weekend", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS. China's SSE Composite index and the blue-chip CSI 300 slipped 0.3 percent each.

The government will announce inflation data based on consumer price index (CPI) and industrial production data after market hours today.

However, oil major ONGC dropped by 1.53 per cent after crude prices surged.

On BSE Sensex, Idea and PNB are trading at massive volumes of 5.8 million and 4.1 million respectively. Major gainers were Wipro, Bharti Airtel, SBI, Sun Pharma, rising up to 2.15 per cent.

Coal India: Coal India shares slipped by almost 1 percent towards the closing of trade after brokerage firm Citi downgraded the stock to Neutral from Buy and lowered its target price to Rs320 a share from Rs365 earlier.

Auto stocks rose after domestic passenger vehicle sales increased by 7.77 per cent to 2,75,329 units in February. In the Asian region, Japan's Nikkei fell 1.03 per cent, Hong Kong's Hang Seng shed 1.18 per cent in early trade.

In the Eurozone, Paris CAC 40 rose 0.44 per cent and Frankfurt moved up 0.20 per cent in their early deals. London's FTSE was higher 0.24%.

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