The equity benchmarks opened lower on Monday, reflecting a cautious start to the trading session. Both the Sensex and the Nifty slipped in early trade as investors reacted to weak global cues and avoided aggressive buying.
The Sensex declined by around 260 points, while the Nifty traded close to the 25,950 level. Selling pressure in key heavyweight stocks weighed on the benchmarks, keeping the overall market sentiment subdued during the early hours.
Weak global trends played a major role in shaping domestic market movement. US markets ended the previous session lower, while Asian stocks also traded in the red. This dampened risk appetite among investors and led to cautious trading in Indian equities.
On the stock-specific front, Shriram Finance, Asian Paints and Tech Mahindra were among the notable gainers, supported by selective buying. However, their gains were limited and insufficient to lift the broader indices.
On the losing side, ONGC, Cipla, Apollo Hospitals, Max Healthcare and Bharti Airtel faced selling pressure and emerged as key drags on the benchmarks. Losses in these large-cap stocks pulled the Sensex and Nifty further into negative territory.
Overall, the market mood remained cautious, with investors closely watching global cues and institutional flows for further direction during the session.
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