Mumbai . The Indian stock market has had a flat start on Monday. During this period, Sensex opened with a weakness of 148.13 points or 0.20 percent at 74,415.79 and Nifty opened with a slight decline of 35 points or 0.15 percent at 23,116.10. All-round decline is being seen in the market. In early trade, the Nifty Midcap 100 index was at 54,629, down 159 points or 0.29 per cent, and the Nifty Smallcap 100 index was at 15,750, down 145 points or 0.77 per cent.
The decline in the market was led by realty and oil and gas shares. Nifty Realty and Nifty Oil&Gas were the top losers in the index. Defence, PSE, Energy, Consumer Durables, Media, Auto, Infra, PSU Bank and IT were also in the red. Apart from this, Metal, FMCG, Commodities, Pharma, Private Bank, Healthcare and Financial Services were in the green. UltraTech Cement, ITC, Tata Steel, Indigo, HDFC Bank, Kotak Mahindra Bank, SBI, Bajaj Finance, HCL Tech and HUL were in the green in the Sensex pack.
BEL, M&M, Trent, Power Grid, Bharti Airtel, Asian Paints, NTPC, Tech Mahindra, Maruti Suzuki, Bajaj Finserv, Eternal, ICICI Bank and Axis Bank were in the red. Most Asian markets witnessed a decline. Tokyo, Shanghai, Bangkok and Jakarta were in the red. Seoul and Hong Kong were in the green. US markets closed in the red in Friday’s trading session. During this period, a decline of about one percent was seen in the technology index Nasdaq.
The selling phase by foreign investors continues. In the last trading session, foreign institutional investors (FIIs) had sold equities worth Rs 10,716.64 crore. At the same time, domestic institutional investors (DIIs) had invested Rs 9,977.42 crore in the equity market. Crude oil continues to rise due to tensions in the Middle East. Till the time of writing the news, the price of Brent crude has increased by 1.12 percent to $ 104.3 per barrel and the price of WTI crude has increased by 0.43 percent to $ 99.13 per barrel.
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