New Delhi, 23 December (H.S.): Indian equity markets opened in negative territory on Tuesday, the second trading day of the week, with both benchmark indices—the Sensex and Nifty—recording early declines amid selling pressure in IT and pharma sectors.

The Bombay Stock Exchange's Sensex dropped 201.33 points, or 0.24 percent, to trade at 85,366.15, while the National Stock Exchange's Nifty fell 45.45 points, or 0.17 percent, at 26,126.95. Of the 30 Sensex constituents, 19 advanced while 11 declined, with buying interest evident in banking and metal shares.

Global Cues Mixed

Asian markets showed resilience, as South Korea's Kospi rose 0.45 percent to 4,124, Japan's Nikkei edged up 0.079 percent to 50,442, Hong Kong's Hang Seng climbed 0.29 percent to 25,877, and China's Shanghai Composite gained 0.34 percent at 3,930.

Previous Session Rebound

Notably, on Monday, the Sensex had surged 638.12 points, or 0.75 percent, to close at 85,567.48, while the Nifty jumped 206 points, or 0.79 percent, settling at 26,172.40.Key Market EventInvestors will watch the listing of KSH International's IPO on Tuesday, potentially adding to market dynamics.

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Hindusthan Samachar / Jun Sarkar