The Sensex and the Nifty opened the day and the year 2015 lower led by losses in banking and technology stocks. TCS, Infosys, ICICI Bank and Axis Bank were among the losers in early trade. Stocks like NTPC Lost 2 per cent in early trade.
Shares in Glenmark Pharma rallied after the company go an approval to raise $300 million. Shares in DB Realty rallied 10 per cent on hopes of a nod from the Municipal Corporation Of Greater Mumbai nod for JV project at Mahalaxmi by Q1CY15.
Automobile stocks which had fallen on Wednesday after excise duty increase gained ground in trade. Autco stocks like Mahindra and Mahindra, Tata Motors and Hero Motor Corp were among the early losers in trade.
Meanwhile, most of the Asian markets were closed for trade.