The 30-scrip Sensitive Index (Sensex) on Monday opened on a positive note and turned negative during the morning trade.
The Sensex of the BSE opened at 60,385.76 points and touched a high of 60,434.38 points. The Sensex touched a low of 59,979.48 points.
The Sensex had previously closed at 60,067.62 points.
The Sensex opened at 59,940.78 points, down by 126.84 points or 0.21 per cent but recovered later and was hovering above 60,000, while NSE Nifty was trading above 17,950 level by lunch time.
Maruti Suzuki, Kotak Mahindra Bank, L&T, Bharti Airtel, Housing Development Finance Corporation (HDFC), Titan Company were top index gainers. Stocks such as IndusInd Bank, Asian Paints, M&M, Tata Steel, HCL Tech, Reliance Industries Ltd (RIL), TCS, Infosys top Sensex draggers.
Except for Nifty Auto, all the Nifty sectoral indices were trading in the red. Nifty Bank fell 0.75 per cent, while Nifty Pharma plunged over 2 per cent.
One major show on Monday was Paytm's Rs 18,300-crore IPO, the country's largest public issue to date, has opened for subscription on Monday, at a price band of Rs 2,080-2,150 per share.
Two other — Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics will also launch their initial share-sales this week.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 18,040.20 points after closing at 17,916.80 points.
