The Sensex started the day on a positive note, jumping over 300 points, and setting the tone for optimism in the market. The Nifty crossed the much-anticipated 25,000 mark.
The Indian stock market indices, Sensex and Nifty 50, were expected to open higher on Monday, following gains in global markets. Gift Nifty trends suggested a mildly positive start for the Indian benchmark index.
The benchmark indices were showing strength in the pre-opening session.
Sensex and Nifty ended lower on Friday, dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of the release of industrial production data.
Unabated foreign fund outflows and a depreciating rupee amid geopolitical tensions also hit investors’ sentiment.
In a volatile trade, the 30-share BSE Sensex fell 230.05 points or 0.28 per cent to close at 81,381.36. During the day, it declined 307.26 points or 0.37 per cent to a low of 81,304.15. The NSE Nifty had slipped 34.20 points or 0.14 per cent to 24,964.25. It hit an intraday low of 24,920.05.
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