Mumbai: On the first trading day of the week, Monday, the Indian stock market opened flat with minor declines amid mixed global cues. The BSE Sensex opened lower by 121.96 points at 85,640.05, while the Nifty 50 rose slightly by 5.15 points to 26,333.70.
At the time of reporting, the BSE Sensex was trading down by 105.24 points or 0.12 percent at 85,656.77. The NSE Nifty was also down by 25.75 points or 0.10 percent at 26,302.80.
The market showed a mixed trend across indices. The Nifty Smallcap 100 index gained 0.19 percent, whereas the Nifty Midcap 100 index saw a decline of 0.55 percent.
Among sectoral indices, the Nifty PSU Bank index recorded the highest gain of 1.3 percent, followed by the Media sector which rose by 1.08 percent. The Nifty IT sector was the biggest loser, falling by 0.75 percent.
Within the Sensex pack, shares of BEL, Axis Bank, Tata Steel, Asian Paints, and ICICI Bank were the top gainers. On the other hand, HCL Tech, Infosys, Tech Mahindra, TCS, and HDFC Bank were among the major losers.
Similarly, on the NSE, BEL, Asian Paints, Axis Bank, Tata Steel, and Hindalco were the leading gainers, while HCL Tech, Infosys, Wipro, Tech Mahindra, and TCS were the top laggards.
Dr. V.K. Vijaykumar, Chief Investment Strategist at Geojit Investments Limited, stated that the year 2026 has begun amid significant geopolitical developments that could have deep global impacts. The US actions in Venezuela may increase geopolitical instability worldwide. The Russia-Ukraine conflict shows little sign of ending soon and could prolong further.
Protests in Iran may intensify, and the government’s response will be crucial, especially with potential interference from former US President Trump. Amidst this uncertainty and global tension, China may attempt to assert control over Taiwan.
According to Dr. Vijaykumar, this high level of geopolitical uncertainty and unpredictability will affect the markets. However, the direction of future events will be key. A positive outcome for India from the Venezuela crisis is the likely medium to long-term downward pressure on crude oil prices.
Regarding the stock market outlook, he noted that the market may remain strong in the near term as indices are trading near their all-time highs, which supports bullish sentiment. The Bank Nifty is in a strong position, backed by solid fundamentals of robust credit growth.
He added that the banking and financial sectors are expected to report good third-quarter results, which could further strengthen these sectors.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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