Markets trade lower with Nifty below 18100. IT stocks drag, Metal stocks shine

Indian benchmark indices trade lower amid weak global cues. Both Sensex and Nifty are trading low by around 0.30%. 

Nifty Metal index leads. It is followed by Oil & Gas Index. Right Now, ONGC is the top gainer on Nifty with more than 3% gains followed by Coal India, Tata Steel, and Bajaj Finance with more than 1% gains.

IT stocks are pressure today. Right Now, the Nifty IT index is the top losing index. It is down by 1.62%. Asian Paints is the top loser, followed by Infosys, HCL Technologies, Tata Consumer, and Wipro. 

It seems like another day of correction for equity markets as cues global markets are not so encouraging.