Indian stock market today: Indian equities in Monday’s trade opened lower amid escalating tensions between Iran and Israel after the US entered the war. At the open, the BSE Sensex slipped 500 points and traded below 81,900 level, while the Nifty50 shed 151 points to trade at 24,961.7 levels.
Meanwhile, the broader markets traded with a lower cut in comparison to their headline peers, with the Midcap index down around 0.3 per cent.
From the Nifty50 basket, in early trade top gainers included stocks like Bharat Electronics (BEL), ONGC, Nestle, Bharti Airtel and Adani Enterprises, while top losers included stocks like Infosys, Shriram Finance, HUL, Hero MotoCorp and Bajaj Finance.
Sectoral trend
Sectorally, all the indices were trading lower with the Nifty IT and auto indices leading the losses, with a cut of over 1 per cent, followed by FMCG, financial services, banking and realty among others. However, the Nifty Media was the sole gainer trading with mild strength.
Stocks to watch
Trent, Bharat Electronics: As part of the BSE reshuffling applicable from today, Tata group’s retail arm and the defence major Bharat Electronics (BEL) will make their way in the BSE index, replacing Nestle and IndusInd Bank.
Aditya Birla Lifestyle Brands: Following its demerger from Aditya Birla Retail and Fashion Limited (ABFRL), the shares of Aditya Birla Lifestyle Brands Limited (ABLBL) will get listed on BSE today.
Prostarm Info Systems: The company will announce its financial results for the quarter ending March 31, 2025.
Asian markets
Asian stocks fell in early trade on Monday after investors’ risk appetite was hit amid rising geopolitical tensions. As of the last count, the key MSCI Asia ex Japan index was down a sharp 1 per cent. All major Asian indices suffered a blow, with the Taiwan Weighted leading the losses with a cut of over 1.6 per cent.
As of the last count, Japan’s Nikkei was down 0.45 per cent, nonetheless, local markets took a breather amid stronger-than-expected manufacturing purchasing managers index (PMI) print.
However, Hong Kong’s Hang Seng and Shanghai Composite traded with mild gains.
