Share Market Opening: Stock market moves flat, Sensex falls 97.18 points, Nifty also sluggish

Share Market Opening: The Indian market has had a sluggish start on the first trading day of the week amid weak signals from the global market. Sensex fell by about 97 points in pre-opening. Whereas, Nifty is also trading in loss. Domestic stock markets fell in early trade on Monday amid continuous withdrawal of foreign funds. BSE’s 30-share index Sensex fell 97.18 points to 65,697.55. Nifty slipped 15.3 points to 19,716.50. Among the Sensex companies, shares of Mahindra & Mahindra, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Bajaj Finance and UltraTech Cement were among the losers. Shares of HCL Technologies, NTPC, Tech Mahindra, Infosys, State Bank of India and Power Grid were among the gainers. Adani Group shares were trading today at Rs 2,197.15, falling 0.53 percent or Rs 11.65. In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in profit, while Japan’s Nikkei was in loss. American markets closed with a slight gain on Friday. Global oil standard Brent crude was trading at $ 81.17 per barrel with a gain of 0.69 percent. According to stock market data, foreign institutional investors (FIIs)FII) sold shares worth Rs 477.76 crore on Friday.