MUMBAI: The Indian equity markets posted moderate losses in early trade on Thursday, tracking poor global cues and weakness in metal stocks.
As of 9.23 am, Sensex lost 254 points, or 0.30 per cent, to reach 83, 563, and Nifty eased 85 points, or 0.33 per cent to settle at 25, 690.
Main broad-cap indices posted moderate losses, as the Nifty Midcap 100 eased 0.04 per cent, and the Nifty Smallcap 100 edged down 0.31 per cent.
Major sectoral indices traded mixed, with IT insulated from global rout in tech stocks. Most notable losers were metal, down 1.71 per cent and realty, down 0.82 per cent. Nifty oil and gas was the major gainer, up 1.02 per cent.