Indian equity markets started the week on a weaker note, with key indices slipping in early trade. The NSE Nifty 50 opened at 23,522.45, falling 37.50 points or 0.16 %, while the BSE Sensex dropped 250.62 points or 0.32% to 77,609.57.
As of 9:42 AM, the Sensex dropped 417.29 points or 0.54%, trading at 77,442.90, while the Nifty declined 140.35 points or 0.60% to 23,419.60.
In today’s trading session, the Nifty Bank is trading at 50,031.10, a loss of 127.75 points. Similarly, the Nifty Midcap 100 also saw a weak start, declining 288.10 points to 53,321.05.
In the pre-opening session today, the BSE Sensex was up 92.50 points or 0.12%, trading at 77,952.69, while the NSE Nifty rose 77.55 points or 0.33% to 23,637.50.
The early trends from GIFT Nifty indicated a flat to negative start for the Indian equity market on Monday. The Nifty futures were trading around the 23,568 level, indicating at a muted opening for benchmark indices BSE Sensex and NSE Nifty 50.
“The Delhi election results, particularly the emphatic nature of the BJP win, though positive from the market perspective, are unlikely to trigger a sustained rally in the market. With the dollar index above 108 and the 10-year US bond yield above 4.4%, FIIs will continue to sell the rally, restricting any potential upside,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
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The Indian stock market ended the week on a weak note as both benchmark indices closed in the red on Friday. The NSE Nifty 50 declined by 43 points or 0.18%, settling at 23,559.95, while the BSE Sensex dropped 197.97 points or 0.25%, closing at 77,860.19.
Gold rate today
The gold rate today witnessed a minor decline in early trade on Monday. The 24 carat gold price dropped by Rs 10, bringing the cost of 10 grams to Rs 86,660, according to GoodReturns. Similarly, the 22 carat gold rate today also slipped by Rs 10, with 10 grams now priced at Rs 79,440.
For those checking the one gram gold price,
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