Mumbai, Jan. 6 -- The selling spree in the domestic stock markets continued on Tuesday, with both benchmark indices opening in the red amid weak sentiment and caution among investors.

The Nifty 50 index opened at 26,189.70, down by 60.60 points or 0.23 per cent, while the BSE Sensex began the session at 85,331.14, declining by 108.48 points or 0.13 per cent. The weak opening followed a negative close on Monday, as selling pressure persisted in select heavyweight stocks.

Market experts noted that Monday's session saw the indices touch intraday highs but fail to sustain gains.

Ajay Bagga, Banking and Market Expert, told ANI, "Indian markets marked an intraday high but could not hold onto the gains as selling in IT and oil and gas stocks ...