Sensex, Nifty Modestly Lower In Early Trade

Indian shares opened a tad lower on Monday, mirroring weak cues from global markets.

The benchmark S&P/BSE Sensex was down 132 points, or 0.2 percent, at 79,096 in early trade while the broader NSE Nifty index was down 76 points, or 0.3 percent, at 23,928.

Among the prominent decliners, Hindalco, Coal India, BPCL, Tata Steel and Kotak Mahindra Bank all fell around 2 percent.

Bajaj Finance rose 1.3 percent. In its quarterly business update, the company said that its assets under management grew 28 percent in the third quarter ended December 31, 2024.

FSN E-Commerce Ventures jumped nearly 4 percent. The company said it expects Q3 consolidated net revenue growth to be higher than mid-twenties.

Bank of India declined 1.7 percent on reports it is looking to sell stressed loans in Simbhaoli Sugars and Visa Steel.

Hindustan Unilever fell 1.5 percent on reports it is in advanced talks to acquire direct-to-consumer (D2C) skincare brand Minimalist at a valuation of Rs 3,000 crore.

Dabur India tumbled 4.4 percent after saying it expects low single-digit revenue growth in the December quarter.

Easy Trip Planners soared 6 percent after one of its co-promoters confirmed that there will be no further stake sale from any of its promoters in the future.

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