After a higher opening in the trade session, the domestic stock market turned negative on the first trading day of the week.
The S&P BSE Sensex opened at 34,971.83 while the Nifty 50 index is the National Stock Exchange (NSE) at 10,524.20.
Around 9:19 am, the BSE Sensex traded low at 13.94 points or 0.04% to 34,719.64 and the Nifty50 dropped 1.15 points or 0.01% to trade at 10,471.35.
At 10:31 am, the 30-share Sensex traded at 34632.31, plunging 101.27 points or 0.29% whereas the broader Nifty fell 25.75 points or 0.25% to trade at 10446.75.
In the 50-share Nifty, twenty-seven stocks traded with the loss.
Hindustan Unilever, ICICI Bank, Hindustan Petroleum, Asian Paints and Mahindra and Mahindra were the top laggards in the Nifty index losing between 1.26 and 2.29%.
According to experts, uncertainty is still intact in markets.
The CSO (Chief Strategy Officer) of the KIFS Trade Capital, Ritesh Ashar said, “Emphasis should be placed on the earnings, movement in currency and also global markets for further indications.”
“Traders are advised to go for a directional view on the indices. One should look for a stock specific action,” added the CSO.
Meanwhile, on Friday, the Sensex ended at 34,733 with high of 732 points while the Nifty50 closed 237 points higher to settle at 10,472.
