Moody Monday! Markets open in red amidst weak global cues

6 Jun 2022 , 09:36 AM

Indian Markets start the week on a slightly lower note amidst weak global cues. Nifty FMCG, IT, Media, and Metal made put pressure on the chart.

Nifty entered Monday blues at 16,558.65 points, down by 0.15% against the previous close. Sensex opened flat at 55,696.53 points, down by 0.13% against the previous close.

At around, 9.33 AM, BSE Sensex was trading 0.69% lower at 55,383.60 points. NSE Nifty was trading down by 0.67% at 16,473.45 points.

ONGC (+1.48%) emerged as the star performer. Pharma stocks Cipla (+1.33%), and Apollo Hospitals (+0.92%) helped to float the chart. Bajaj Auto (+0.86%), and Mahindra & Mahindra (-0.84%) joined the rally.

Heavyweight Tech Mahindra (-1.71%) entered as the top laggard. Britannia (-1.63%), and Wipro (-1.52%) weighed down the chart with above 1% downside. BPCL (1.43%), and Bajaj Finserv (-1.32%) dragged down the chart further.

Sectoral indices gave mixed signals as Nifty Bank (+0.21%), Auto (+0.31%), and Financial Services (0.08%) pushed the chart upside with marginal gains. Nifty IT (-1.48%), Media (-1.08%), and FMCG (-0.86%) and all other indices remained under pressure.

On Friday, global markets closed on a dim note driven by weak investor sentiment. Dow Jones ended at 32,899.70 points, down by 1.05%.

Asian Markets settled in green territory except for Australia ASX (-0.41%). Shanghai SE (+1.05%), and Hang Seng (+1.24%) added above 1%. Nikkei (+0.69%), and Taiwan TSEC (+0.52%) further uplifted the chart with marginal gains.