Here's how the Markets opened today

The Nifty had a tepid start on Monday as traders remained fence sitters owing to weak overseas cues and the end of the month considerations on Dalal Street.

The Nifty fell 34 points to 7,967 in early deals on the National Stock Exchange. Heavy weights losing ground included Lupin, Punjab National Bank, Ambuja Cement, Coal India and Sun Pharma. But Vedanta, ONGC, Zee Entertainment, Cairn and NMDC posted smart gains on the Index, whose Advance-Decline Ratio stood at 20/30.

Axis Bank, Sun Pharma and State Bank of India were the top traded counters on the NSE. All three stocks traded with a negative bias. Pharma and Software stocks posted gains.

Most broader indices were in the red. The CNX 100, CNX 200 and CNX 500 indices fell between 0.2-0.3 percent. The CNX MidCap and CNX Small Cap Indices were down in early trade as well.

Within the sectorial space, Bank Nifty slid 0.8 percent to 17,076 points and took CNX Auto, CNX Energy, CNX Finance and CNX Metal Indices lower with itself.

The mood was equally sombre on the Bombay Stock Exchange with the Sensex sliding 114 points, or 0.4 percent lower at 26,278 points. Vedanta, BHEL, HDFC and Tata Motors fell in early deals while GAIL, Cipla, Sun Pharma and ONGC edged up. As a consequence, the Advance-Decline Ratio was 12/18, with State Bank of India being the top traded stock on the Sensex.

The bears were in control of the broader market with just 729 stocks gaining versus 864 that lost ground.

And on the Futures and Options market, early trades were enthusiastic with lots of new names cropping up in the top gainers list: Oriental Bank, Petronet LNG, Hexaware and Just Dial were the major futures that showed positive traction while Motherson Sumi, Hindustan Zinc and Jindal Steel were futures that slipped in trade. The Advance-Decline Ratio was 85/72 in the derivatives space.

Image credit: Indiatimes