Opening Bell: Markets open in green amid mixed global cues; metal stocks in limelight

India VIX gained over 4.3 per cent trading at 23.59 in the initial minutes of the trading session.

On Monday, the equity benchmark indices opened on a positive note amid mixed global cues with Nifty trading above the 17,300 mark. The markets opened in green in line with SGX Nifty Trends. Around 9 am, SGX Nifty Futures was trading around 100 points up on the Singaporean Exchange, indicating a positive opening for the Indian markets. 

At 9:16 am, BSE's Sensex was up 166.33 points or 0.29 per cent at 58030.26 level whereas NSE's Nifty was up 46.50 points or 0.27 per cent at 17333.50 level. About 1633 shares have advanced, 602 shares declined, and 124 shares are unchanged. India VIX gained over 4.3 per cent trading at 23.59 in the initial minutes of the trading session.

Among Nifty, Hindalco Industries, Maruti Suzuki, Infosys, Wipro and Coal India were among major gainers and Asian Paints, Grasim Industries, M&M, IOC and Britannia Industries were among the losers. At 9.20 am all top 5 gainers among the Sensex stocks were Maruti Suzuki, Infosys, Wipro, Tata Steel and Tech Mahindra whereas the top 5 losers were Asian Paints, Mahindra & Mahindra, Ultratech Cement, Kotak Bank and Hindustan Unilever.

In the broader markets, at 9.42 am, the BSE Midcap index traded at 23,876.63 level, 0.22 per cent up while BSE Smallcap index at 27,916.07 level, 0.76 per cent higher.

On the sectoral front, BSE Metal index was the top gainer at the start of the trading session, up by 2 per cent with Hindalco Industries, APL Apollo Tubes, Vedanta, Jindal Steel and Tata Steel as some of the top gaining stocks. BSE Healthcare and BSE IT indices added more than 1 per cent while other indices chose to trade flat.