Early trading saw a decline of 137.84 points to 57.7 82.13 points, in the 30-share BSE Sensex. The larger NSE Nifty also dropped 52.75 points to 17,132.95. The top laggards among the Nifty components were Mahindra & Mahindra, Adani Enterprises, JSW Steel, and Larsen & Toubro. On the other hand, early trade saw winners include Bajaj Auto, State Bank of India, ICICI Bank, and Eicher Motors. Seoul traded higher in Asia, but markets in Tokyo, Shanghai, and Hong Kong were down.

Friday's closing price on Wall Street was substantially lower. According to Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd., things on Dalal Street do not appear to be looking well at the moment, therefore volatility is likely to be the trademark as Nifty bulls prepare for challenging sessions in the near future. The BSE benchmark increased 684.64 points or 1.20 percent on Friday to close at 57,919.97. To reach 17,185.70, the Nifty increased by 171.35 points, or 1.01 percent. Benchmark Brent crude for international oil prices was up 0.59% at $92.17 per barrel. According to exchange data, foreign institutional investors (FIIs) continued to be net sellers in the Indian stock market on Friday, selling shares worth Rs 1,011.23 crore.

On Monday, benchmark indices put on a good performance and gained almost 0.8%. Despite conflicting global indications, the indices rose for the second session in a row.

Sensex increased by about 500 points and closed at 58,410, slightly over 58,400. Nifty gained 126 points to settle at 17,311.

The rise was driven by bank indexes, particularly the PSU Bank index, which increased by more than 3%. The auto and finance indices both achieved respectable gains. Metal, Media, and Realty were still being put under stress.

SBI, Bajaj Finserv, Axis Bank, and NTPC were the top gainers among stocks. More than 2% of Hindalco was shed. JSW Steel and L&T both experienced declines of over 1%. With a 53% premium, Electronics Mart India made a good launch.