Indian equities opened flat as trading resumed after a long weekend. The sentiment will be kept in check as India is set to cross the mark of 1 lakh daily coronavirus cases for the first time since the onset of the pandemic in March 2020.
The S&P BSE Sensex opened 10 points lower at 50,020 while the NSE Nifty 50 index opened with losses of 0.2% at 14,837. Both Sensex and Nifty saw gains of over 2% during the three-day trading week gone by.
Among the sectoral indices, the Nifty Metal index has opened with gains of 0.4% while the Nifty I.T. index has opened 0.2% higher.
The Nifty Bank index has opened with losses of over 200 points or 0.6% while the PSU Bank index is down 0.5%.
The Nifty Media index is the biggest sectoral laggard, opening 1.3% lower as the Maharashtra government ordered the shutting down of malls, multiplexes and restaurants (open only for home delivery) until April 30 in view of the rising coronavirus cases.
Broader markets have opened little changed in today’s trading session.