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Markets drift Lower; Auto, Metal drag

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Domestic stock markets are trading on negative terrain on Thursday’s trading session with weak global cues.

The BSE Sensex scaled lower at 41,417-mark, lower by 148 points, whereas the NSE Nifty50 was at 12,156, down by 45-points at 10.45-hrs.

Currently in the Nifty50 pack of stocks, Coal India, Maruti Suzuki, NTPC, JSW Steel and Axis Bank were among the top losers. Conversely, top gainers were Yes Bank, SBI, Titan company, and Infosys.

The Nifty PSU banking, Nifty IT and Media are trading in the green, with major gains in PSU Bank (up 1%), driven by SBI and Indian Overseas Bank. Catch the latest updates in  Free Nifty trading tips and all-time  stock trading tips from here.

Major selling seen in the Nifty metal index, down by 1.12-percent, followed by the Nifty Private bank, both over by one percent. Auto, Realty indices also see some selling pressure below a percent in the Nifty.

Elsewhere, the US stocks hit record highs, whereas Asian stocks traded flat with a neutral bias.