Benchmark equity indices declined in early trade on Monday after a record-breaking rally last week as investors went in for profit-taking amid a largely weak trend in Asian markets.
At 10:23 am, Sensex was trading 47.36 points lower at 71,436.39, whereas Nifty was trading 3.20 points down at 21,453.45.
Among the Sensex firms, ITC, ICICI Bank, Mahindra & Mahindra, IndusInd Bank, Axis Bank and UltraTech Cement were the major laggards. Sun Pharma, Reliance Industries, Titan and Bajaj Finance were among the gainers.
Global markets also contributed to the positive sentiment. The Dow Jones industrial average achieved a record closing, and both the S&P 500 and Nasdaq witnessed notable gains on Friday. The surge was attributed to the Federal Reserve’s dovish signals earlier in the week.
