Sensex Today: The Sensex and Nifty are opened on a weak note on Monday, following the negative trends in the Asian market
Sensex Today: Indian benchmark indices retreated at open on Monday, with BSE Sensex slipping 463 points at 80,141 points, while the Nifty50 index fell by 147 odd points or 0.6 per cent to 24,383.
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On BSE Sensex Kotak led the losses, followed by Reliance Industries, JSW Steel, HCL Tech, IndusInd Bank, Bajaj Finance, Asian Paints, ICICI Bank and Tech Mahindra while Nestle India, Infosys, HUL, ITC, and TCS were among top gainers.
In line with the benchmarks, the broader markets also showed weakness, with the MidCap index dropping by 0.77 per cent and the SmallCap index declining by 1.34 per cent.
Monday will also witness the Union government presenting the Economic Survey for 2023-24, ahead of the Budget. Finance Minister Nirmala Sitharaman will table the document in both Lok Sabha at 1 PM and Rajya Sabha at 2 PM, followed by a press conference at 2:30 PM.
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Global Cues
In the Asia-Pacific region, all markets except one flashed the red colour, signalling weakness, with Japan’s key benchmark, the Nikkei 225 falling by 0.91 per cent and the broader based Topix index declining by 0.98 per cent.
South Korea’s Kospi index slipped by 1.17 per cent, while the Kosdaq, which focuses on small-cap stocks, decreased by 1.93 per cent.
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Australia’s S&P/ASX 200 also dipped by 0.75 per cent. In contrast, Hong Kong’s Hang Seng index was up by 0.32 per cent.
In the US on Friday, all three major indices slipped with the S&P 500 declining by 0.71 per cent, and the tech-heavy Nasdaq Composite sliding 0.81 per cent. Meanwhile, the Dow Jones Industrial Average dropped 0.93 per cent.
