MUMBAI: Domestic equity benchmarks opened higher for the second consecutive session on Tuesday, tracking positive cues from the Asian and US markets, but soon turned volatile amid ongoing West Asia tensions.
Sensex opened 323.82 points or 0.42 per cent higher at 75, 826.68 against the previous close, while Nifty started the session at 23, 493.20, up 85 points or 0.36 per cent.
However, the early gains proved short-lived. The 30-share Sensex slipped to 75, 422.73, down 80.12 points or 0.10 per cent, while the Nifty traded at 23, 389.15, lower by 20 points or 0.08 per cent in early deals.
On the sectoral front, IT stocks led the losses, with the Nifty IT index declining 0.83 per cent. Auto, mid-small IT & telecom, PSU banks, FMCG and oil & gas indices also traded in the red.