Nifty 50 Trading Below 26,100 on December 8: Bank Nifty Also Saw Weakness

Indian equity markets kicked off Monday’s session on a subdued note, slipping into the red at the opening bell. The NSE Nifty 50 began the day 37 points lower, down 0.14% at 26,150, while the BSE Sensex edged down 67 points or 0.08% to start at 85,645. At 10:55 AM, the Nifty 50 was trading at 26,077.65, down 0.42%.

The weakness extended to the banking index as well, with the Bank Nifty opening 85 points lower at 59,693, a drop of 0.14%. Broader markets remained largely flat, with the Nifty Midcap index dipping 50 points or 0.09% to hover around 60,299.

Early gainers and losers

Within the Nifty 50 pack, early momentum favoured HDFC Life Insurance, Tech Mahindra, Zomato (Eternal), Wipro, and Hindalco Industries, which emerged as the top performers in initial dealings.

On the other hand, InterGlobe Aviation, Bajaj Finance, Bharat Electronics, Adani Enterprises, and Coal India were among the prominent laggards weighing on the index.

Market Movers to Watch

Heavyweights such as Infosys, Reliance Industries, TCS, HDFC Life Insurance, and HCL Technologies also saw active movement in early trade, influencing overall market sentiment.

Among the Nifty 500 stocks, some of the biggest losers in early trade were Reliance Power, Honasa Consumer, Aditya Birla Real Estate, InterGlobe Aviation (IndiGo), Kaynes Technology, Datta Patterns, and Deepak Fertilisers, among others.

Rising Activity in IPO Market

Meanwhile, the IPO market remains active today. Meesho, Vidya Wires, and Aequs are set to finalise their share allotments, while the public issues of Corona Remedies and Wakefit Innovations have opened for subscription.

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