New Delhi, June 1 (H.S.): The domestic equity market remained under pressure during early trading on Monday. The session began on a positive note, with both benchmark indices opening firmly higher. Buying support initially pushed the BSE Sensex and the Nifty 50 further upward. However, selling pressure emerged shortly thereafter, causing both indices to surrender a large portion of their gains. After the first hour of trading, the market was witnessing mild weakness of around 0.02 percent.

Among the market heavyweights, shares of Infosys, Tech Mahindra, InterGlobe Aviation, Coal India, and Asian Paints were trading higher, gaining between 1.89 percent and 3.88 percent.

On the other hand, shares of Hindustan Unilever, NTPC, Adani Enterprises, Mahindra & Mahindra, and Tata Consumer Products were among the major losers, declining between 1.10 percent and 1.92 percent.

So far, active trading was recorded in 2,863 stocks across the market. Of these, 1,269 stocks were trading in the green with gains, while 1,594 stocks were in the red, reflecting losses. Among the 30 constituents of the Sensex, 11 stocks were trading higher, while 19 were under selling pressure. Similarly, among the 50 constituents of the Nifty, 18 stocks were advancing and 32 were trading lower.

The Sensex opened the day with a gain of 427.28 points at 75,203.02. Supported by strong buying immediately after the opening bell, the index climbed further to an intraday high of 75,367.93. However, renewed selling pressure soon emerged, causing the benchmark to lose momentum. Persistent selling dragged the index down to 74,784.72 around 10:00 a.m. Despite the decline from higher levels, the Sensex managed to remain in positive territory throughout the period. After the first hour of trading, at 10:15 a.m., the index was trading at 74,794.93, up 19.19 points from its previous close.

Similarly, the Nifty opened 106.75 points higher at 23,654.50. Early buying support pushed the index to an intraday high of 23,733.70. Thereafter, profit-booking emerged, resulting in a gradual decline. Continuous selling pressure pulled the index down to around 23,537 by 10:00 a.m., briefly pushing it into negative territory. Buyers later returned to the market, helping the benchmark recover some of its losses. Amid ongoing buying and selling activity, the Nifty was trading at 23,553.45 at 10:15 a.m., registering a gain of 5.70 points.

For reference, on the final trading session of the previous week, Friday, the Sensex had closed 1,092.06 points, or 1.44 percent, lower at 74,775.74. The Nifty had ended the session down 359.40 points, or 1.50 percent, at 23,547.75.

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Hindusthan Samachar / Jun Sarkar