Key benchmark indices trading in range bound manner in early trade .The Sensex trading at 28486.35 up 21.51 points (0.08%) and NSE Nifty at 8830.85 up points(0.10%).
The Market breadth indicating the overall health of the market is positive .On NSE there are 33 shares in advance where 18 shares in decline. Total Unchanged 0 share.
Idea, Bhartiairtel ,Gail, HUL and Zeel are gainers while Hindalco, Yesbank ,HDFC, ITC and M&M are losers in the Sensex.
Kotak Mahindra Bank (KMBL) rose 0.77%. Axis Bank rose 0.2%. In its clarification KMBL issued to the stock exchanges with respect to recent news article tha Kotak Mahindra, Axis Bank shares up on merger buzz said that it does not comment on speculation.
The Indian rupee opened mildly lower at 67.06 on Monday as previous close of 67.02 against the US Dollar.