Indian equity benchmark indices opened Monday’s trading session on a flat note, reflecting cautious sentiment amid year-end trading.
The NSE Nifty 50 opened flat at 25,945, while the BSE Sensex also started unchanged at 84,686.
The Bank Nifty slipped 29 points or 0.05% to open at 58,904. Broader markets underperformed, with the Nifty Midcap 100 opening 18 points or 0.03% lower at 59,983, while small-cap stocks also traded in the red during early trade.
In the previous session, the market witnessed selling pressure after slipping below the 26,000 mark. The advance-decline ratio remained tilted in favour of declining stocks, and the Nifty ended the session nearly 100 points lower, though trading volumes remained thin due to year-end participation.
Market participants remained cautious, with large institutional activity expected to pick up only in the new year. Investors continued to track broader cues and stock-specific action amid the lack of strong near-term triggers.
Early Gainers and Laggards
In early trade, Shriram Finance, Tata Motors Passenger Vehicles, Bharat Electronics (BEL), Tata Consumer Products, and Grasim Industries were among the top gainers on the Nifty 50.
On the downside, Eicher Motors, Eternal (Zomato), Apollo Hospitals, Tata Steel, and Larsen & Toubro featured among the key laggards.
Major Movers in Early Trade
Stocks that saw notable movement in the opening session included HDFC Bank, Infosys, Tata Steel, Hindalco Industries, and Kotak Mahindra Bank.
