Stock Market: Sensex opened 426 points down; banking and financial sector stocks fell

Sensex, a 30-share sensitive index of the BSE, opened the week with a decline of 426.35 points in the first trading session. At 0930 in the morning, Sensex was trending at a level of 48388.85 points with a drop of 393.51 points i.e. 0.81 per cent.

Stock Market: Sensex opened 426 points down; banking and financial sector stocks fell

The domestic stock market opened with a heavy fall on Monday. Sensex, a 30-share sensitive index of the BSE, opened the week with a decline of 426.35 points in the first trading session. At 09:30 in the morning, Sensex was trending at a level of 48,388.85, a drop of 393.51 points, or 0.81 per cent. At the same time, at 09:41, the NSE Nifty was trading at a level of 14,512.95 points, down by 118.15 points, or 0.81 per cent. During the first half-hour trading on the Nifty, Titan shares saw the biggest drop. Also, shares of SBI, Reliance, Ultratech Cement and Axis Bank were trending in the red mark. At the same time, shares of Mahindra & Mahindra, Maruti, Tata Steel, JSWSteel and Hindustan Unilever Ltd. saw an increase in early trading.

Sensex also saw the biggest drop in shares of Titan, SBI, ONGC, HDFC and ICICI Bank in early trade. Apart from these, Bajaj Finance, Axis Bank, HDFC Bank, UltraTech Cement, Bajaj FinServ, Kotak Mahindra Bank, Reliance, Bharti Airtel, ITC, Sun Pharma, NTPC, TCS, Larsen & Toubro, Infosys, Doctor Reddy's, Asian Paints, PowerGrid, HCL Tech and Tech Mahindra shares were trading with red marks.

On the other hand, shares of IndusInd Bank, Mahindra & Mahindra, Bajaj Auto, Maruti, Hindustan Unilever Limited and Nestle India were seeing a boom.