The Sensex fell by 84.98 points, opening at 80,166.96, while the Nifty slipped by 15.35 points to start at 24,420.15. Among Nifty companies, market breadth was slightly negative, with 21 stocks advancing, 27 declining, and 2 remaining unchanged.
The benchmark indices saw a marginal rise at the opening, with the Sensex gaining 183.87 points to start at 81,335.14, while the Nifty inched up by 31.55 points to open at 24,812.65.
Bajaj Auto, HDFC Bank, Asian Paints, Mahindra & Mahindra (M&M), and Eicher Motors emerged as the top gainers, while Tata Consumer Products, Kotak Bank, Bajaj Finserv, Bharat Petroleum Corporation Limited (BPCL), and IndusInd Bank were the biggest losers of the session.
The investors will focus on the upcoming quarterly earnings of the companies and US economic data for direction, in the absence of any major triggers in the stock market starting from Monday, as per the experts.
The BSE Sensex fell by 494.75 points, or 0.61 per cent, to close at 81,006.61, while the NSE Nifty declined by 221.45 points, or 0.89 per cent, to settle at 24,749.85.
The market's performance reflected a cautious sentiment, with 18 of the Nifty 50 stocks advancing while 30 declined. Among the top gainers were BPCL, ICICI Bank, Bharti Airtel, Britannia, and Asian Paints, while HDFC Life, Wipro, Bajaj Auto, Bajaj Finance, and Hindalco were the biggest loser
Among the Nifty 50 stocks, Wipro, Tech Mahindra, HDFC Life Insurance, L&T, and HDFC Bank led the rally, emerging as the top gainers for the day. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and UltraTech Cement saw declines, limiting the market's overall gains.