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Markets Open Lower, Metal, Banking, Pharma see selling

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The market key benchmark indices led losses on Tuesday with weak global market sentiments.

The BSE Sensex declined at the 40,816, down by 239 points while the NSE Nifty was down 76 points at 11,968 levels at 10.10-am

Major losers in the Nifty50 were  Yes Bank, which plunged over 6 percent for a second consecutive session, followed IndusInd Bank, Bharti Infratel, Tata Motors and Tata Steel, down by 2 to 4 percent.

Nifty Media index rose 0.96 percent led by TV18 Broadcast, which was up by 14.17 percent, followed by Zee and Network18-Media. Catch the latest updates in  Free Nifty trading tips and all-time stock Nifty option tips from here.

Nifty Metal, Pharma, PSU bank, Auto, Realty, FMCG, Bank, Private bank were trading in the red between 90 to 1.88 percent.

Among stocks, DHFL surged 4.60 percent after reports that the company has received expressions of interest from 24 bidders under the insolvency process.

Shares of Network-18 Media rose 4.87 percent as Reliance announced a consolidation of its media & distribution biz spread across multiple entities into Company.

Shares in JSW Energy extended gained 5.30 percent after signing an agreement with GMR  to acquire a 100% stakes.