The Indian benchmark indices opened on a muted note on Monday morning as the Sensex opened trade at 85,625.12 or 87 points down, and the Nifty traded at 26,131.75 or 54 points down.
In the pre-open session, the Sensex was trading above 85,700 or 22 points higher around 9:03 AM, while the Nifty tested 26,000 falling 89 points.
Notably, Gift Nifty was trading flat at 26,322, around 8:40 AM.
Stock markets wrapped up last week on a muted note, with the benchmark indices Sensex and Nifty ending largely flat.
What Factors Will Influence Markets This Week?
The US Fed’s interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts.
The movement of the rupee, which breached 90 to a dollar last week, will also be tracked by investors.
