Opening Bell: Market slips amid weaker global cues; realty, energy, oil and gas down by majority

The markets opened lower amid weaker global cues on Monday. The Sensex was at 57,420.23, down by 412.74 points or 0.71 per cent, whereas Nifty was at 17,360.34, down by 0.87 per cent or 152.73 points.

The markets opened lower amid weaker global cues on Monday. The Sensex was at 57,420.23, down by 412.74 points or 0.71 per cent, whereas Nifty was at 17,360.34, down by 0.87 per cent or 152.73 points. 

The markets are bearish owing to the uncertainty about the Ukraine -Russia situation and rising crude oil prices. Also, the incessant FII selling in the domestic market is making the investors wary of trading into equities. 

 BSE Midcap was trading at 23,454.10, down by 1.21 per cent and BSE Smallcap was at 27,153.31, down by 2.14 per cent. Similarly, Nifty Midcap 100 was at 28,493.20 down by 1.52 per cent and Nifty Smallcap 100 was at 10.092.50, down by 2.31 per cent. 

The top gainers of the Sensex were NTPC, Power Grid Corporation of India, Dr Reddy’s Laboratories, and TCS. The top losers of the Sensex pack were Titan Company, Larsen and Toubro, Bajaj Finserv, SBI, and UltraTech Cement. 

On the other hand, the Nifty gainers were NTPC, TCS, Power Grid Corporation, and Dr Reddy’s Laboratories. On the flip side, the top losers dragging the index were Coal India, Hero Mototcorp, HDFC Life Insurance Company, Titan Company, and Bajaj Finserv. 

On the BSE, 488 shares have advanced, 2495 shares have declined, and 120 shares are unchanged. Also, 148 stocks have hit their upper circuit and 344 stocks have hit their lower circuit. 

The top trending stocks on BSE, this morning were Advanced Enzymes, Apollo Hospital Limited, Astra Zeneca Pharma India, Bayer CropScience, Cadila Healthcare, and Cochin Shipyard. 

Talking about the sectoral indices Banks, Realty, Energy, Media, Oil & Gas, and Consumer Durables were down by majority and were pulling down the broader indices overall.