Sensex opens in green but dives in negative soon after

The benchmark BSE Sensex rose over 50 points in early trade today on the back of retail inflation easing to a three-month low in March and sustained foreign capital inflows. However, the cheer wasn't for long as sustained selling hit the market taking it into the negative territory. 

The 30-share barometer lost 80 points, or -0.27%, at 28,964 at 10.16 am on Wednesday.

The gauge had gained 165.06 points in the previous session on Monday as stock markets remained closed yesterday on account of "Ambedkar Jayanti".

Similarly, the National Stock Exchange index Nifty rose by 10.80 points, or 0.12%, at 8,844.80.

Although the market opened in green on the back of buying activity gathered momentum after retail inflation eased to three-month low of 5.17% in March from 5.37% in February.

Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth Rs 417.01 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 46.42 crore, as per provisional data available with stock exchanges.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.08%, while Japan's Nikkei gained 0.02% in early trade.

The US Dow Jones Industrial Average ended 0.33% higher in yesterday's trade. 

(With agencies)