Market was choppy in early trade on Thursday. (Representative Photo)

Sensex and Nifty , on Thursday, continued with the trend of opening high and dipping rapidly in early trade. Market has behaved similarly for the last three sessions.

BSE Sensex opened at 31,324.21, up by 52.93 points. The broader NSE Nifty too opened on a higher note, surging by 18.50 points at 9,682.40.

However by 9.50 AM, Sensex and Nifty were down by 12 and 13 points respectively from the previous close.

In early trade, Tata Steel was the major gainer with its stocks rallying by 4%. Dr. Reddy's, HDFC and Hindalco also performed well.

TCS, GAIL, ONGC, ITC, Infosys, Tata Power and Bharti Infratel were trailing behind.

Analysts say that global events like Britain elections and James Comey 's testimony in US might affect trading on Thursday, which has been fairly cautious after Reserve Bank of India (RBI) maintained status quo in its key policy rates.

