Mumbai, May 4 (IANS): A benchmark index for Indian equities markets dived into the red in morning trade Wednesday with auto stocks continuing to lose a day after the Reserve Bank of India hiked interest rates.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,558.33 points, was ruling at 18,400.33 points, down 142.09 points or 0.77 percent from its previous close at 18,534.69 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red at 5,524.65 points, down 0.73 percent.
Broader markets were ruling quiet as well with the BSE midcap index down 0.3 percent and the BSE small cap index down 0.16 percent.