Opening bell: Indian market tanks over 1% in the morning trade

On June 10, Asian markets are in the red after the ECB's rate hike forecast and important inflation data from the US alarmed investors.

In early trade, benchmark indexes were trading lower due to negative global cues. The Sensex and NSE's sectoral indices were all trading in the red.

At 9:45 AM, the Sensex have slipped in red by 688 points and is trading at 54,601.83 levels. BSE MidCap likewise, slipped by 205 points and is trading at 22,429.12 levels, BSE SmallCap has too dropped by 163 points and is trading at 25,875.63 levels. The stocks trading in green on the BSE Sensex are Maruti Suzuki, Dr Reddy's Laboratories, Titan, and Power Grid Corporation of India.

The Nifty 50 index similarly opened with a negative note down by 209 points and is now trading at 16,273.15 levels. Bank Nifty plummeted by 471 points to trade at 34,613.95 levels. The gainers on Nifty 50 are Tata Consumers, Titan, Maruti Suzuki, ONGC, and Dr Reddy's Laboratories.

On the BSE, 908 stocks advanced and 1,750 stocks declined in the morning session. Whereas, there are 109 stocks locked up in the upper circuit and 79 stocks are locked in the lower circuit today, also 41 stocks are trading at a 52-week high and there are 33 stocks that are trading at a 52-week low.

In early trade, the Japanese Nikkei 225, Hong Kong's Hang Seng Index, and China's Shanghai Composite were all in the red. The Nikkei 225 Index fell over 1%, while the Hang Seng Index fell more than 1%. The Shanghai Composite Index fell 0.1 %.