Equity benchmark Sensex jumped over 150 points in opening trade on Thursday, but soon turned red tracking losses in index majors Axis Bank, TCS and Bajaj Finance amid negative global cues. The 30-share BSE index was trading 53.09 points or 0.11 per cent lower at 49,849.55, and the broader NSE Nifty declined 48.45 points or 0.32 per cent to 14,981.70.

ONGC was the top loser in the Sensex pack, shedding around 2 per cent, followed by Sun Pharma, Axis Bank, PowerGrid, Bajaj Finance and Nestle India. On the other hand, Titan, M&M, L&T, Asian Paints and ICICI Bank were among the gainers. In the previous session, Sensex ended 290.69 points or 0.58 per cent lower at 49,902.64, and Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15.