Stock market live updates: The key benchmark indices started Monday’s session with minor cuts tracking weakness in global markets.
The BSE Sensex fell 100 points to 55,676, and the NSE Nifty50 slipped 20 points to 16,565.
M&M, Axis Bank, IndusInd Bank, Reliance, NTPC, and Ultratech Cement were the top gainers on the Sensex, gaining up to 1 per cent. While ONGC, Cipla, Bajaj Auto and Apollo Hospitals were the top winners on Nifty.
On the flip side, IT stocks led losses on sensex, Wipro, Tech M, Infosys, TCS and HCL Tech dropped 1-2 per cent. BPCL, Britannia, Coal India, Hindalco, Tata Steel, HUL and Asian Paints were the other laggards across the two benchmarks.
The broader markets also opened in red. The BSE MidCap and SmallCap indices were up to 0.2 per cent lower.
Sectorally, Nifty IT, Media, Metals, PSBs and Realty indices suffered the maxmium losses, each down over 1 per cent. Other pockets were also in red.