Indian markets under pressure amid heaving selling and profit-booking

Indian indices opened on a flat note on Monday, June 30, marking the final trading day of the first half of the current financial year.

- 

The Sensex began the session at 84,027.33, slightly below Friday’s close of 84,058.90, and slipped further to 83,767.77 by 11:04 am, down 292 points or 0.35%. Similarly, the Nifty opened at 25,661.65 but declined to 25,555.56 by 11:06 am, down 82.80 points or 0.32%.

The weakness was largely attributed to profit-booking in heavyweight financial stocks, which had witnessed a strong rally in recent weeks. HDFC Bank, for instance, was down nearly 0.8%. Seven out of the 13 major sectoral indices were in the red.