The markets opened flat, with the BSE Sensex opening at 34,412 points and the NSE Nifty at 10,568 points.

Share Market Live

NSE

The gain, however, remained brief, as the market is already off opening highs largely because of weak global cues. HDFC Bank and Reliance are pulling up the indices, while ICICI Bank and Infosys drag.

The US markets closed in the red on Friday as the benchmark index, Dow Jones, tumbled about 200 points as Apple dragged tech lower.

The Asian markets, following US's suit, had a muted start as investors digest the US yields and as the Wall Street declined. The Nikkei and the Hang Seng reached near day's low with only Stratis Times trading in the green.

European markets ended on a positive note, with Ericsson pulling up the market. With all the stocks trading lower and the market having a negative session, Ericsson was the only stock which stood with almost an 18% jump.

The IT stocks may continue to lead again today as the rupee opened at 66.20, above 66 against the US dollar for the second day.

Bharti Infratel, LIC Housing, Indiabulls Ventures, Reliance Infra, Delta Corp, among others will declare their quarterly results today.