Stock market today: Sensex eases to 82,548, Nifty dips 0.1% in early deals

Domestic equity benchmarks opened the week on a cautious note, with the BSE Sensex and the Nifty 50 hovering around the flatline in early trade on Monday amid mixed sectoral trends and stock-specific action.

At 9:17 am, the Sensex was down 77.86 points, or 0.09 per cent, at 82,548.90. The index touched an intraday high of 82,587.47 and a low of 82,276.95 in the opening minutes.

The Nifty 50 slipped 25.75 points, or 0.10 per cent, to 25,445.35, compared with its previous close of 25,471.10. The broader index moved between 25,372.70 and 25,458.00 in early deals.

Financials, IT drag; pharma and select PSUs offer support

Heavyweight financial and IT counters capped gains. Among the prominent losers on the Sensex were Infosys, State Bank of India and ICICI Bank. Shares of Infosys fell over 1 per cent in early trade, while SBI and ICICI Bank slipped up to 0.8 per cent and 0.6 per cent, respectively. Adani Ports was the top laggard, declining more than 1.4 per cent.

On the other hand, defensive and select public sector names lent support to the indices. Power Grid Corporation of India led the gainers’ pack, rising over 1 per cent. Sun Pharma, HDFC Bank and HCLTech also traded in positive territory, helping limit the downside.

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In the broader Nifty pack, Power Grid, Sun Pharma, Cipla, ONGC and HDFC Bank figured among the top gainers in early trade, with modest advances ranging between 0.6 per cent and 1.1 per cent.