Metals, Banks Push Sensex Lower; Trend Bearish

Tracking global weakness, Indian Equities opened gap down on Tuesday. The decline was led by metal stocks, which were established in Europe Wed worries downturn goodwill reduce demand for commodities, and when the dollar was just in the Euro.
Realty, banking, oil & gas and IT stocks were caught in the downtrend, while healthcare stocks did relatively better.

At 9:30 am, the Sensex was to 16,220.72, down 248.83 points or 1.51 per cent. The Bombay Stock Exchange index started the day at 16,444.57 against previous close of 16,469.55. The 30-share index sank two and a low of 16,216.55 in the half hour of trade.

National Stock Exchange Nifty was to 4864.85, lower 79.10 points or 1.60 per cent. The 50-share index opened 4945.30 versus Monday's close of 4943.95. The index touched a low of 4,859.70.