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Sensex regains 48,000 but still in red, Nifty nears 14,100; ONGC, M&M top drags

Sensex and Nifty were down in the red on Tuesday morning following weak global cues. S&P BSE Sensex was holding above 48,000 but was down more than 100 points, Nifty 50 index was nearing 14,100. Broader markets were up in the green with marginal gains. Among sectoral indices, Nifty IT, Nifty Media, Nifty FMCG, and Nifty Realty were trading with gains while others were down in the red. ONGC, Mahindra & Mahindra, and NTPC were the top drags. Shanghai Composite, Hang Seng, Nikkei 225, TOPIX, and KOSDAQ were all sitting in the red.

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