Mumbai, Dec 15 || Indian stock markets opened on a weak note on Monday as a subdued global market mood affected investor sentiment.
During early trade, the Sensex slipped nearly 280 points in early trade to hover around 84,989, marking a fall of about 0.33 per cent. The Nifty also started the day lower, trading near 25,966, down 81 points or 0.31 per cent.
Commenting on the technical outlook, experts said that the support is placed around 25,850–25,900.
"On the upside, resistance is seen at 26,150–26,200, which remains a critical hurdle for any meaningful recovery. A decisive close above 26,200 is required to revive bullish momentum and open the path toward 26,500. Until then, the index is likely to remain range-bound with a negative bias," market watchers stated.
Most heavyweight stocks were under pressure in the opening session. Shares of Mahindra & Mahindra, Trent, Bharti Airtel, NTPC, Bajaj Finserv, Power Grid, Sun Pharma, Kotak Mahindra Bank, Infosys, TCS, Titan, Maruti Suzuki and Bajaj Finance were among the top losers on the Sensex, declining by up to 1.4 per cent.