Key benchmark indices reverse the initial gains .The BSE Sensex trading at 26542.80 down 83.66 points (-0.30%) and NSE Nifty at 8164.30 down 21.50points(-0.25%).NTPC,Dr Reddy Labs ,Coal India, Wipro and Bhel are gainers while SBl, HDFC, Bajaj Auto, ICICI Bank and Hero MotoCorp are losers in the Sensex.
Asian shares were closed on account of public holiday.US stocks fell on Friday amid profit booking.
The Market breadth indicating the overall health of the market is also flat .On NSE there are 25 shares in advance where 26 shares in decline. Total Unchanged 0 share.
Bank will be in focused today .SBI and PNB cute rate by 90 basis points and 70 basis points respectively. Auto sales for the month of December was a mixed bag. Maruti reported lowest sales since June 2016.
The Indian rupee opened lower today by 3 paise at 67.95 per dollar on Monday versus closing of 67.92 on Friday.