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MARKET LIVE: Indices in red; Nifty IT drags, banks gain; Raymond up 4%

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Reside market place updates: The benchmark indices opened in the unfavorable territory amid tepid Asian cues. The BSE Sensex dropped in excess of 100 points to trade down below the 60,000-mark at 59,943. The Nifty50, in the meantime, was investing close to the 17,800-mark at 17,921. 

Coal India, NTPC, UltraTech Cement, ONGC have been among the the best gainers in the 50-pack index. The leading laggards were in the IT sector, namely HCL Tech, Infosys, Tech Mahindta and Wipro.

On the sectoral front, most indices were in the crimson with Nifty Realty falling 2 for every cent. Other losers ended up Nifty IT, Media, and Pharma. the only gainers ended up PSU Financial institution up 1 per cent, Nifty Metallic and FMCG.