Domestic equity markets started positively on Monday, with caution prevailing due to concerns about a potential escalation in the Iran conflict following US President Donald Trump’s warnings. The Sensex dropped by 150 points to 73,168, and the Nifty traded at 22,670, down 42 points, affected by selling pressure in various stocks like IndiGo, Kotak Mahindra Bank, and Tata Steel.
The initial gains were short-lived as the Sensex and Nifty faced declines in early trading. Nifty opened at 22,780, rising by 67 points, while Sensex gained 158 points to 73,477.53. Sectoral indices, particularly banking and auto stocks, showed positive trading trends during the opening session.
Sectoral indices, including banking and auto stocks, were mostly in the green during the initial trading hours. The Nifty PSU Bank index and Nifty Private Bank index were up, along with positive movements in Nifty Auto, Financial Services, and IT indices. Broader markets also saw gains in Nifty 100, Nifty 200, and Nifty 500 indices, with midcap and smallcap indices showing modest increases.
While some sectors like banking and auto stocks were trading positively, the Nifty Metal index experienced a slight decline. Additionally, the Pharma and Realty indices were marginally in the red. Market volatility remained high, with the India VIX rising over 2%, indicating ongoing caution among investors amidst geopolitical uncertainties.
