Mumbai, Dec 8 || Indian stock markets started the week on a weak note on Monday as benchmark indices opened lower in the absence of strong domestic cues.
The Sensex slipped by 93 points, or 0.11 per cent, to trade around 85,619. The Nifty also drifted lower and was seen at 26,137, down 50 points or 0.19 per cent.
Analysts said that Nifty is expected to trade within a defined range today, with near-term resistance placed around 26,300-26,350, where profit-booking may emerge.
“On the downside, support is seen around 26,000-26,050, a zone that has held firm through recent consolidation,” experts said.
Several heavyweight stocks dragged the indices in early trade. Shares of Bajaj Finance, BEL, NTPC, Asian Paints, Power Grid, Trent, Sun Pharma, and ICICI Bank were among the biggest losers on the Sensex.