Stock Market Alert: Nifty, Sensex Open Flat Amid Trump Tariff Worries, Top Underperformers Revealed

Stock Market Alert: Nifty and Sensex opened flat amid worries around US President Donald Trump's tariffs on India. The Indian stock market opening today has come after the positive opening of its Asian stock market peers. Nifty 50 opened 8 points higher at 24,371 points, whereas Sensex was up around 27 points and opened at 79,885 points on Monday, August 11.

However, Nifty Bank was down around 5.6 points and opened at 54,999 points. Several factors like developments around India-US trade talks, US inflation data, upcoming meeting of Donald Trump and Russian President Vladimir Putin, upcoming Q1 results, foreign funds flow, etc, are likely to impact the investors' sentiment during Monday's trading session.

Stock Market Opening Today

Nifty and Sensex opened flat on Monday. Nearly all the broad market indices were trading in green on NSE, with Nifty 200 up around .20%, Nifty Midcap 100 up around 0.21%. However, Nifty India VIX was up around 3.9%, indicating significant volatility in the Indian stock market's Monday trading session.

Coming to the sector-wise performance of the stock market, Nifty FMCG and Nifty IT were trading under pressure, whereas banking and financial sector stocks emerged as the top gainers. Nifty PSU Bank was up around 1.3% and the Nifty Financial Services sector index was trading 0.33% higher.

On BSE, nearly 1,921 stocks were advancing, whereas 1,151 stocks were declining at 9:30 am, indicating a positive sentiment prevailing across the stock market today.

Top Gainers, Top Losers

Grasim, SBIN, Adani Enterprises, Trent, Tata Motors, Jio Finance, and similar stocks were the top gainers on the Nifty 50. Whereas, Titan, Apollo Hospital, Maruti Suzuki, ICICI Bank, Tata Consumer, etc, were among the top laggards.

How Will Nifty 50 Perform Today?

After opening on a flat note, Nifty 50 may see a range-bound movement on Monday with an immediate support at 24,300 points, according to Nirmal Bang brokerage report.

"On technical grounds, Nifty has an immediate Support at 24300. If Nifty closes below that, further downside can be expected towards 24240-24170 mark. On the flip side 24440-24500 will act as strong resistance levels. Action: Nifty has an immediate Support at 24300 and on a decisive close below expect a fall to 24240-24170 levels," the brokerage added in its report.

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