MARKETS OPEN THE WEEK WEAK, NIFTY HOLDS ABOVE 26,000

Indian stock markets closed marginally lower on Monday after a volatile session, with the Nifty managing to stay above 26,000.

- TBG NETWORK

The Indian stock market on Monday begin the week on a negative note with Nifty managing to close above 26,000 in the volatile session.Sensex and Nifty 50 ended in the red. Sensex ended 54 points, or 0.06%, lower at 85,213.36, while the Nifty 50 closed at 26,027.30, down 20 points, or 0.08%. Among the sectors, most indies ended higher with Nifty Media spiked 1.79%, FMCG up by 0.69%, Consumer Durables up by 0.52%, Nifty Bank up by 0.12% among others. Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities said the Nifty recovered smartly from a gap-down on opening on an Intraday basis but closed 0.08% lower at 26,027."On the sectoral front, Nifty Media ended the day as the top sectoral gainer, followed by Nifty FMCG. On the other hand, Nifty Auto and Nifty Pharma emerged as the top two sectoral losers. With regards to stocks, Indigo and Trent, emerged as the top stock gainers amongst the Nifty pack while M&M & Eicher Motors emerged as the top two losers," Shah said."