The Indian markets start Monday’s session mixed with both the benchmark indices opening flat, but Sensex in the green and Nifty50 in the red. However, they began the first day of the week’s session near record-high levels amid volatile banking and financial stocks. 

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The BSE Sensex gained around 43 points or 0.08 per cent higher to 55480 while Nifty50 fell by 11 points or 0.06 per cent to 16,518 levels at the market open today.    

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In the broader markets category, the mid-cap index opened flat but gaining marginally by 18.6 points or 0.07 per cent to 27619 at open on Monday. Similarly, Nifty Bank declined over 68 points or 0.19 per cent to 36100.7 levels, dragging most to the Nifty Index today at the market open.     

Of 50 scrips on Nifty50, 21 advanced, 27 declined and two remained unchanged at the market open today. Tata Steel became the top gainer on Monday, by over 1.5 per cent, followed by BPCL, ONGC each gained almost 1 per cent. Similarly, L&T and Eicher Motors opened over a quarter per cent.

On the contrary, Power Grid and Bajaj Auto slumped most by around 1 per cent, followed by Divis Lab, Bajaj Finance and Maruti Suzuki by 0.5 per cent in the early morning trade on Monday.

Minutes after the market open, almost all sectoral indices were in the red, except for Nifty Auto, Metal, and Realty, of which Metal stocks are surging most in the trade by around 1 per cent. On the other hand, banking and financial stocks are dragging the market most in the early morning trade.

Globally, the US indices end at an all-time high on Friday as Dow Jones closed above 35,500 after hitting 35,600 intraday. Nasdaq also closed above 14800 as markets price in higher inflation. Asian markets opened mixed with the Japanese 'Nikkei' trading lower by nearly 400 points in early trade.

Another important trigger to domestic markets, Foreign Institutional Investors (FIIs) on Friday bought shares worth Rs 819.77 crore in cash and Rs 149.5 crore in index futures.

The Nifty on Friday closed at a fresh all-time high as it crossed the 16,500 with a flourish as IT stocks lead the gains. Whereas Midcap stocks continue to underperform as profit booking and rotation into large caps see pressure on stocks.