Stock Market Updates: Sensex, Nifty Trade Flat; Kotak Mahindra Bank Down 3%

Sensex Today: Equity benchmark indices opened flat on Monday, tracking mixed global cues. Investor sentiment remained muted amid Israel-Gaza tensions and high US bond yields. The BSE Sensex fell 18 points to 65,379, and the NSE Nifty50 slipped 15 points to 19,528.

Nestle, ICICI Bank, Bajaj twins, SBI and Axis Bank led gains on the Sensex, rising up to 1 per cent. On the flip side, Kotak Bank, Grasim, TCS, Ultratech Cement were among the few frontline losers.

The broader markets were also flat with the BSE MidCap and SmallCap indices holding tepid gains.

Among stocks, Paytm slid over 2 per cent despite narrowing its net loss to Rs 290.5 crore in Q2 from Rs 571 a year ago.

“Bank Nifty witnessed a narrow rangebound session hovering near the 43,700-43,800 zone for the last 2 sessions with the bias maintained little bit weak and has the near-term crucial support zone of 43400 levels. A decisive breach below the 43,400 zone shall further weaken the overall trend and expect for further slide till 42,000 levels. Bank Nifty would have the daily range of 43,400-44,000 levels,” said Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.