The markets opened lower amid weaker global cues on Monday. The Sensex was at 57,420.23, down by 412.74 points or 0.71 per cent, whereas Nifty was at 17,360.34, down by 0.87 per cent or 152.73 points. 

The benchmark indices once again lose their footing into the negative terrain in late afternoon trade, dragged by oil & gas and pharma. European markets advanced on Friday, with global sentiment hanging in the balance as the Ukraine-Russia crisis reaches a pivotal moment.

The benchmark indices were trading lower in morning trade, tracking negative global cues. Pharma, healthcare and IT stocks were under pressure. A sell-off was seen by the FII yesterday of Rs 1242 crore and buying by the DII of Rs 901 crore was recorded.  

The BSE Sensex has opened at 57,788 down by 103 points. Following it the BSE MidCap opened with a gap down at 23,918 falling by 46 points. The BSE SmallCap is also trading in red today morning at 27,960 dropping by merely 11 points. The top gaining stocks on the BSE Sensex are Larsen & Toubro, Tata Steel, NPTC, Maruti Suzuki India, and Induslnd Bank. The stocks that are trading in red this morning are Wipro, Tech Mahindra, Infosys, and UltraTech Cement.

Domestic equity bourses closed at a lower level for the second day in a row. On the sectoral front, the Bank index slipped 1 per cent, because of the ABG Shipyard fraud. SBI and ICICI Bank have an exposure of Rs 2,925 crore on the defrauded. Nifty Energy index ended up 1.50 per cent at 24757.95 today. 

Indian markets are facing a volatile session on Thursday's early deals with Sensex and Nifty 50 swinging between positive and negative. Banking stocks were the major bears of today after the biggest loan fraud of nearly Rs 23,000 crore of ABG Shipyard against a consortium of banks, which shocked the sector. In the most recent development, the ED has filed a money laundering case against ABG Shipyard, its former promoters and others involved in the loan case. BSE Bankex slipped more than 445 points currently. A sell-off was seen by the FII yesterday of Rs 1890.96 crore, and buying by the DII of Rs 1180.14 crore was recorded. 

After the Indian markets closed in red on Wednesday amid selling pressure in the final hour. Today, the Indian markets have opened on a positive note following Asian markets. The BSE Sensex has opened at 57,876.81 down by 120 points. Following it, the BSE MidCap has opened upwards at 24,019.33 gaining by 2 points. The BSE SmallCap is on the other hand is trading in the red today morning at 28,122.49 down merely 39 points. 

On Wednesday the Indian indices swing like a pendulum between gains and losses due to the uncertain global scenario. Among the other sectors most finished in the red with PSU bank, metals, and media being the major losers. The broader indices ended mixed wherein midcap traded under pressure while smallcap closed higher by 0.9 per cent. In addition, the scheduled weekly expiry would further add to the decline.

Asian markets across the board experienced short-covering buying as geopolitical risk decreased. In terms of sectoral indices, on BSE, the Capital Goods underachieved sinking 125 points. Bankex was marginally down as investors saw the risk from nearly Rs 22,000 crore fraud by ABG Shipyard against 28 banks. Realty and power index climbed over 1 per cent each. A huge sell-off was seen by the FII yesterday of Rs 2,298.76 crore and the huge buying was seen by the DII of Rs 4,411.60 crore was recorded.  

After witnessing one of the worst falls in 10 months, Sensex closed with a huge profit of 1,736 points, or up 3.08 per cent, and closed of 58,142.05 today. The Sensex MidCap index gained by 626 points and ended the day at 24,025.39 levels. Similarly, the BSE SmallCap also jumped by 542 points and stood at 28,043.69 at day end. The Nifty 50 index also soared by 509 points and closed at 17,352 levels. The Bank Nifty shot up by 1264 points and ended at 38,173.25. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped by 10.27 per cent i.e. by 2.36 points to 20.62 levels.