Stock Market Updates: Benchmark indices were trading lower in the pre-opening session.
Stock Market Updates: The Indian equity market opened on a subdued note on December 16, with benchmark indices trading in negative territory during the pre-opening session.
In early trade, the Sensex fell by 215.59 points, reaching 81,917.53, while the Nifty dropped 49.45 points to 24,718.85.
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The Indian rupee weakened by 3 paise to trade at 84.83 against the US dollar in early trade on Monday.
Investors are likely awaiting key market cues and global trends for further direction.
Meanwhile, in today’s session, stocks such as Bharat Forge, Biocon, JK Paper, JSW Energy, Lupin, and others are likely to remain in focus due to recent developments.
Sensex and Nifty bounced back strongly on Friday, advancing nearly 1% as investors engaged in bargain hunting across sectors like telecom, technology, and consumer durables, supported by encouraging domestic inflation data.
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After plunging 1,207.14 points in early trade, the BSE Sensex reversed its losses to close 843.16 points higher, or 1.04%, at 82,133.12. During intraday trade, it surged by as much as 923.96 points to touch 82,213.92.
Similarly, the NSE Nifty rose 219.60 points, or 0.89%, to end at 24,768.30, recovering from an intraday dip of 367.9 points.
Weekly Performance
On a weekly basis, the Sensex gained 623.07 points, or 0.76%, while the Nifty advanced 90.5 points, or 0.36%.
Sectoral Performance and Top Movers
Among the Sensex constituents, Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, HCL Technologies, and Power Grid led the gains. In contrast, Tata Steel, IndusInd Bank, JSW Steel, and Bajaj Finserv were among the top laggards.
Broader Market Trends
Contrary to the gains in benchmark indices, the BSE SmallCap index fell by 0.29%, while the MidCap index dipped 0.08%, reflecting mixed sentiment in the broader market.
