Mumbai, April 1 || Indian equity indices opened lower on Tuesday and recovered in the early trade, as heavyweights like Bharti Airtel and ITC turned green.
At 9:44 am, Sensex was down just 3 points at 77,412, and the Nifty was up 23 points or 0.10 per cent at 23,542.
Markets were led by smallcap and midcap stocks. Nifty Midcap 100 index was up 309 points, or 0.67 per cent, at 52,017, and the Nifty Smallcap 100 index was up 88 points, or 0.55 per cent, at 16,184.
In the Sensex pack, ITC, Bharti Airtel, IndusInd Bank, M&M, Power Grid, NTPC, Adani Ports, Nestle, Tata Motors, SBI, UltraTech Cement and HUL were the top gainers. Infosys, TCS, Bajaj Finance, HDFC Bank, Bajaj Finserv, Sun Pharma, HCL Tech and Kotak Mahindra Bank were the top losers.
Selling pressure was being seen in IT stocks. The Nifty IT index was down by 1.37 per cent.
Apart from this, financial, pharma, FMCG, metal, realty and private bank indices were in the red. On the other hand, auto, PSU bank and energy were in the green.