Indian equity benchmarks opened marginally higher on Monday, trading flat amidst mixed global cues. Investors remained cautious as they assessed various factors influencing the market sentiment.
The Sensex commenced trading at 74,849.30, marking an increase of 120.03 points or 0.16 percent. The Nifty began the day at 23,150.85, up by 4.70 points or 0.02 percent.
Banking and oil-and-gas stocks showed gains, while shares in the IT and private-bank sectors experienced declines.
Sectorally, the Nifty PSU Bank index led the gains, rising over 1 percent, followed by the Nifty Oil & Gas index which surged 0.6 percent.
Conversely, the Nifty Private Bank, Nifty IT, and Nifty Chemicals indices saw drops of up to 1 percent.
Investors are currently evaluating institutional flows, crude oil prices, geopolitical risks, and the upcoming second-quarter earnings results.
