Indian equities opened negatively for the third straight session on rising global recessionary pressures.

Auto and IT stocks went down, whereas oil & gas and FMCG stocks gained ground.  

BSE Midcap and Smallcap index climbed 0.32% and 0.15% respectively.

Today, the 30-share index, BSE Sensex opened at 9,631.59, down 102.63 points, as against its last closure in which it settled with a loss of 385.79 points.

At 9:59 a.m., the 30-share index Sensex stood at 9,631.59, down 102.63 points, after hitting a high of 9,631.59 and a low of 9,631.59.

Meanwhile the broad based Nifty lost 45.45 points at 2,938.10, after touching a high of 2,941.55 and a low of 2,860.10.

The overall market breadth was positive as it saw 433 progressions as against 341 declinations.

Biggest gainers in the 30-share index were Reliance Communications (2.68%), Jaiprakash Associates (1.43%), Bharti Airtel (1.29%), Hindustan Unilever (0.96%), Tata Power Company (0.89%), and NTPC (0.69%).

On the other hand, Sterlite Industries (India) (3.30%), Tata Motors (2.61%), DLF (2.34%), Infosys Technologies (2.16%), Tata Consultancy Services (2.04%), and ITC (1.33%) were the major losers in the Sensex.