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Markets have opened lower on first trading day of the week tracking weak global cues along with capital goods shares leading the fall.
By 9:30, the Sensex was lower by 42 points at 25,185 levels and the Nifty declined 18 points at 7524.
On the macro front, the government will announce data on inflation based on the wholesale price index (WPI) for May 2014 at 12:00 noon today.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 1099.92 crore on Friday, 13 June 2014, as per provisional data from the stock exchanges.
GLOBAL MARKETS
Asian shares got off on the back foot on Monday, as crude extended gains and tested nine-month highs on fears the insurgency in Iraq could worsen and affect oil exports.
Sunni insurgents seized a mainly ethnic Turkmen city in northwestern Iraq on Sunday, while the United States boosted security for its diplomatic staff in Baghdad said some staff had evacuated the embassy.
Brent rose about 0.6% to $113.20 per barrel, after touching $114.69 on Friday, its highest since September. Brent added more than $4 last week. U.S. crude rose about 0.5 percent to $107.43, approaching Friday's nine-month high of $107.68.
On Wall Street on Friday, stocks edged higher, but ended with modest losses for the week.
MSCI's broadest index of Asia-Pacific shares outside Japan was slightly lower in early trade, moving away from a three-year high hit a week ago.
Japan's Nikkei stock average dipped 0.4%, as the yen crept slightly higher, getting a safe-haven lift from investors' rising risk aversion.
INDIAN MARKETS
On the sectoral front, BSE IT index has surged by nearly 2% followed by counters like TECk, Healthcare and FMCG, all gaining between 0.3-1%. However, BSE Realty and Capital Goods indices have declined by over 1% followed by counters like Banks, Power, Consumer Durables and Auto, all falling down by nearly 1% each.
The main losers on the Sensex are L&T, Tata Motors, Maruti Suzuki, ONGC, Coal India, M&M, ICICI Bank and Axis Bank.
On the gaining side, Hindalco, TCS, Infosys, Wipro and NTPC have gained between 1-3%.
The broader markets are under performing the benchmark indices- BSE Midcap and Smallcap indices have declined between 0.2-0.5%.
The market breadth on BSE remains weak with 811 shares declining and 610 shares advancing.
