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Sensex and Nifty open higher but slip into red amid selling pressure

Sensex and Nifty opened higher on Thursday but soon slipped into the red due to selling in services and consumer durables stocks. IT and auto shares offered support, while Asian markets rallied. FIIs and DIIs remained net buyers, and Brent crude edged higher

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Equity benchmark indices Sensex and Nifty on Thursday began the trade on a positive note. However, it did not sustain the momentum for long. Soon the indices turned red, amid selling pressure in services and consumer durables stocks.

As reported by news agency PTI, the 30-share BSE Sensex climbed 245.11 points, or 0.29 per cent, to 83,979.36 in early deals. Whereas, the NSE Nifty went up by 65.95 points, or 0.25 per cent, to 25,885.30.

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