Markets have opened cautious for the week on Monday morning, with banking and financial sectors showing weakness. IT, Power and Auto sectors have shown some amount of strengths.
Most of the banking stocks are trading in the red today. Axis Bank continues to slide down further with the counter losing 1.3% more to trade at 1136. Bank of Baroda is also down by 1.3% to trade at 619.75. Midcap banking names such as Syndicate Bank and Union Bank of India – have seen 2% cuts.
Ultratech cement is also on the losing side with 1.3% cuts at 1695.
Powergrid has shown a gain of 1.2% and is trading at 98.35.
The CNX Midcap index is however trading in the green with 16 points on the upside at 7747. Auro Pharma has hit 3% higher, while Opto Circuits, Oil India and Tata Global have all seen gains of over 1.5%.
Biocon is up by 2.84% and is trading at 454.