Nifty Metal index surged 1.22%, the Nifty Realty index jumped 1.16% and the Nifty Auto index rose 1.01%.
In opening trades, Sensex nosedived 698 points or 1.19% to 58,096 while Nifty was quoting at 17,338 plummeting 197 points or 1.13%.
Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Pharma indices lost upt0 0.52% in early trades.
While the 6.4% correction from the peak in Nifty has made the market healthy, the valuations continue to be high.
Barring Nifty Metal index (up 0.83%) all other sectoral indices on the NSE opened lower.
Most sectoral indices opened in the red on the NSE. Nifty Realty index was the top loser among sectoral indices down by 2.44%.
Market momentum has weakened recently and the market appears to be heading for a risk-off mode.
The Nifty Metal index was shining bright as it gained 0.51% and the Nifty IT index jumped 0.49%.
The threat to the bulls is likely to come from the FIIs who have turned into sustained sellers.