Mumbai, Dec 16 || Indian equity benchmark indices opened Tuesday’s trading session on a weak note, tracking negative cues from Asian markets.
Early selling pressure dragged both the Sensex and the Nifty lower in initial trade.
The Sensex opened nearly 200 points lower at around 85,025 and slipped further to trade about 300 points down in the early minutes.
The Nifty also came under pressure and was trading lower by 95 points, or 0.4 per cent, at around 25,935.
The index continues to trade within a consolidation range of 25,900–26,100, reflecting market indecision.
“Immediate resistance is placed at 26,150–26,200, with a decisive breakout potentially paving the way toward 26,300,” experts stated.
“On the downside, key supports are seen at 25,900 and 25,850 in the near term,” they added.