The Sensex today open at 247.83 points – or 0.66% – lower at 37,334.08, while the Nifty was down 61.50 points – or 0.55% – at 11,048.15.
Top percentage laggards on the 50-scrip index at the time were Bharti Airtel, NTPC, Britannia, Mahindra & Mahindra, Maruti Suzuki, HDFC and HDFC Bank, trading between 2.19% and 4.82% lower. HDFC Bank, HDFC, Infosys and ITC weighed the most on the Sensex
Market breadth was negative, with 661 stocks trading higher on the BSE and 769 struggling with losses. On the NSE, 626 stocks advanced while 936 declined. On the other hand, Reliance Industries shares jumped as much as 9.28% to Rs. 1,270.00 apiece on the NSE.
In the first few minutes of trade, Reliance Industries shares were among the top gainers on both benchmark indexes. The Sensex and Nifty had ended 0.68 per cent and 0.70 per cent higher respectively, rising for a second straight day.
The government will release consumer inflation data for the month of July after market hours on Tuesday. On August 15 on Thursday, The Indian financial markets will also remain closed for Independence Day.
Read EquityPandit’s Nifty Outlook for the Week