Markets trade flat in early trade on weak global trends

In the opening trade, the 30-share BSE Sensex started with a 56.3 point increase, reaching 65,453.92. The Nifty also saw a gain of 14.2 points, rising to 19,556.85.

Mumbai: Benchmark indices Sensex and Nifty traded almost flat in early session on Monday amid weak trends in global markets.

The 30-share BSE Sensex rose by 56.3 points to 65,453.92 in opening trade. The Nifty gained 14.2 points to 19,556.85.

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Both the benchmark indices faced volatile trends later and were trading with marginal gains.

Among the Sensex firms, ICICI Bank, Bajaj Finance, Power Grid, Mahindra & Mahindra, UltraTech Cement, Nestle, Bajaj Finserv and Reliance Industries Limited were the major gainers.

Kotak Mahindra Bank, Tata Steel, Larsen & Toubro, Tata Consultancy Services, JSW Steel, Tech Mahindra IndusInd Bank and Titan were among the laggards.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower. The US markets ended in negative territory on Friday.

Global oil benchmark Brent crude declined 0.89 per cent to USD 91.34 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 456.21 crore on Friday, according to exchange data.

The BSE benchmark fell 231.62 points or 0.35 per cent to settle at 65,397.62 on Friday. The Nifty declined 82.05 points or 0.42 per cent to 19,542.65.