Indian equity benchmarks opened lower on Monday amid weak market sentiment and cautious investor outlook. The Sensex slipped over 470 points in early trade, while the Nifty 50 declined more than 135 points.
Sensex, Nifty Slip in Early Trade as Investor Sentiment Turns Cautious
Mumbai: Indian stock market indexes opened lower amid weak global cues today on Monday. Investor sentiment appeared under pressure in early trade.
The BSE Sensex fell 470.35 points, or 0.56%, to 83,100.00 at 9:15 am. It had closed at 83,570.35 in the previous session. The Sensex opened at 83,494.49 and the decline deepened in the initial minutes.
Meanwhile, the NSE benchmark index, Nifty 50, also slipped in early trade. The Nifty fell 135.95 points, or 0.53%, to trade at 25,558.40. The Nifty closed at 25,694.35 on Friday and opened weak at 25,653.10 today.
InterGlobe Aviation, Tech Mahindra, Axis Bank, HUL, and Kotak Mahindra Bank were among the gainers on the Nifty during early trading.
On the other hand, ICICI Bank, Reliance Industries, Cipla, and Larsen & Toubro were under selling pressure.
(...being updated)
