Sensex Today Live: Indian Markets Open in the Red, But Gift Nifty Signals Positive Start
The Indian stock market opened on a weak note on Monday, with the Sensex down 94.61 points, or 0.13%, at 74,024.78, and the Nifty down 21.70 points, or 0.1%, at 22,471.85. Despite the initial dip, Gift Nifty futures were trading strongly, indicating a gap-up opening for the benchmark index.
The broader market indices were mixed, with the BSE MidCap index up 0.37% and the BSE SmallCap index down 0.33%. In terms of sector performance, Nifty Bank, Media, Metal, and Financial Services were in the red, while top gainers on the Nifty 50 included SBI Life, UltraTech Cement, Hero MotoCorp, HDFC Life, and Cipla.
On the Sensex, Bharti Airtel, Bajaj Finance, UltraTech Cement, Bajaj Finserv, and ITC were the top gainers, while Power Grid Corp., Tata Steel, Tata Motors, Tech Mahindra, and Infosys were the biggest losers.
Despite mixed global indicators, the Indian stock market is expected to start on a positive note, with Gift Nifty trends suggesting a gap-up opening around the 22,650 level. Market players will be keeping an eye on key economic data, including inflation figures from India and the US, as well as announcements related to the upcoming 2024 General Elections and foreign capital inflows.
Overall, while Asian markets sputtered on Monday, the Indian stock market looks well poised to deliver another strong performance, supported by Gift Nifty’s positive signals. Stay tuned for more updates on Sensex Today Live.
