Sensex Today Live: Indian benchmark indices were trading marginally down on Monday, with the Sensex down 119.23 points and Nifty down 38.10 points at 12 pm. The broader market indices were also under pressure, with the BSE SmallCap index down 0.34% and the MidCap index down 0.23%.
In terms of gainers and losers, Tata Steel, Mahindra & Mahindra, JSW Steel, Bajaj Auto, and Tata Motors were the top gainers on the Nifty 50, while Adani Ports & SEZ, UPL, Tata Consumer Products, Adani Enterprises, and Titan were the top drags.
On the Sensex, Titan, Asian Paints, Nestle India, Infosys, and HUL were the top drags, while Tata Steel, Mahindra & Mahindra, JSW Steel, Tata Motors, and Axis Bank were the top gainers.
In the broader market, the BSE SmallCap index was up 0.70%, and the BSE MidCap index was up 0.45%. The Nifty FMCG sectoral index was down 0.13%, Nifty IT was down 0.29%, and Nifty Financial Services was down 0.03%.
Investors are closely watching the market trends and technical outlook provided by experts. The market is expected to consolidate in the upcoming weeks with a positive bias, and Nifty is projected to head towards a target of 22,700 in April 2024. Meanwhile, Nifty midcap and small cap indices are expected to undergo base formation over the next few weeks.
Overall, the market is trading flat with mixed signals from global peers. Investors are advised to stay cautious and watch out for key economic data releases and central bank meetings that could impact market sentiment.
