Stock Market Live: Indian benchmark indices Sensex and Nifty opened higher after a strong cue from global markets. However, it slipped into red in a volatile session during the later hours of trade. Energy shares tanked the most on Monday whereas pharma shares witnessed a rally.
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Asian markets opened mixed on Monday morning. S&P 500 and NASDAQ traded near 1 per cent higher while Dow Jones Industrial Average (DJIA) dipped 14 points. The US indices recorded gains for the fifth straight week.
International oil prices inched lower on Monday morning after Israel said it had “concluded” a series of strikes in southern Gaza, a move raising concerns about supply from the Middle East. Brent oil futures traded 0.16 points, or 0.20 per cent lower at 81.81 while US WTI futures are trading 0.40 points, or 0.52 per cent at 76.44.
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