NIFTY50 opens below 26,000; SENSEX drops 300 points tracking weak global cues

Indian benchmark indices opened lower on Monday amid weak global cues. Sentiment also remained subdued due to continued foreign investor selling and lingering uncertainty surrounding the US-India trade talks. NIFTY50 opened over 110 points lower, below 26,000 levels, while SENSEX opened slightly above 85,000, down by 240 points.

At the opening, the index breadth in the NIFTY50 remained weak, with 45 stocks out of the NIFTY50 traded in the red and only 5 in green. Trent, Dr Reddy's, Cipla, NTPC, Nestle India were the top five losers, shedding up to 1% at the market open. Indigo, ICICI Bank, Shriram Finance, and HDFC Bank were the top gainers with 0.2% gains.

On SENSEX, only five stocks traded in green out of the 30 SENSEX stocks in the opening session on Monday morning. M&M, Trent, and NTPC were among the top losers, losing up to 1.2%. Asian Paint, Hindustan Unilever and BEL were among the top gainers at 9:22 am.

At the broader level, the NIFTY Midcap 100 and Smallcap 100 traded in green in the opening session with 0.3% losses. Similarly, all the sectoral indices traded in red, except for NIFTY Media and Metal, as NIFTY Auto and NIFTY Realty stood out as the top losers with 0.8% losses on Monday morning.

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