Nifty tested the level of 17,690.
Nifty tested the level of 17,690.
Equity benchmark indices opened on a muted note on Monday, April 11, 2022, with Sensex falling nearly 400 points in early trade, dragged down by index heavyweights Infosys, Reliance Industries and HDFC twins amid an overall weak trend in Asian markets.
The Sensex was trading at 59,048.20, down 398.98 points in early trade. Nifty closed 94.6 points lower at 17,689.75.
From the 30-share pack, HCL Technologies, Infosys, Wipro, Hindustan Unilever, Reliance Industries, M&M, HDFC and HDFC Bank were the major laggards in early trade.
In contrast, NTPC, Power Grid Corporation, Tata Steel and State Bank of India were among the gainers.
On Friday, the BSE Sensex closed 412.23 points or 0.70 per cent higher at 59,447.18, while the Nifty gained 144.80 points or 0.82 per cent to end at 17,784.35.
In Asia, markets in Hong Kong, Seoul, Shanghai and Tokyo were trading lower in mid-session deals.
Shares in the US closed mostly lower on Friday.
International oil benchmark Brent crude fell 2.39 per cent to $100.32 a barrel.
Foreign institutional investors continued selling shares worth Rs 575.04 crore on Friday, according to exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, Q4 results, especially guidance from major financial, and IT majors will impact the market in the coming days.