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Indian equity markets traded lower in early session on Monday, weighed down by geopolitical tensions and elevated crude oil prices. Benchmark indices extended losses, while broader markets and most sectors witnessed sustained selling pressure.
Benchmark Indices Decline in Early Trade
The BSE Sensex fell around 500 points (0.54%) to trade at 72,810.57, while the NSE Nifty declined 140 points (0.47%), slipping below the 22,600 level to 22,580.35.
Market breadth remained weak, with 19 of 30 Sensex constituents trading in negative territory, indicating widespread selling pressure.
Heavyweights Drag Indices Lower
Key index heavyweights contributed to the decline, including Reliance Industries, Sun Pharma, Kotak Mahindra Bank, Adani Ports, and Bharti Airtel, which fell by up to 2.31% in early trade.