Analysts said, stock markets may witness some corrections this week with investors booking profits in the wake of a substantial gain of 1,716.06 points registered so far this month.
Bhel which reported net up by 2% at Rs 1433 crore, shares of the company were trading lower at 252.70 down by 20.95 points or 7.66%
At 09.50 am IST, the 30-share BSE Sensex was trading at 17079.52 down by 154.46 points or 0.90% and NSE Nifty was trading at 5154.10 down by 50.60 points or 0.97%.
In Asia, most of the markets opened in red, the Nikkei 225 down by 65.00 points and was at 8775.80. The Hang Seng was down by 120.03 points and was at 20,384.38. Shanghai was down by 7.42 points ans was trading at 2,311.70
Among sectoral indices on BSE, all the sectors were trading in negative terrain except FMCG which was marginally up by 0.08%.Consumer goods, Power, Metal were top losers in the morning trade.
On the National Stock Exchange (NSE), the top volume gainers were Reliance Power, Sun Pharma, Gail, Bajaj Auto, Sesa Goa posted gains between 0.77%-2.42% in morning trade.
And the loser in morning trade were Bhel, Ster, IDFC, JP Associates, Sail.