Indian stock indices edged lower on Monday morning as profit-booking followed a seven-session winning streak, with heavyweight tech stocks dragging down both the Sensex and Nifty 50 despite positive foreign investment inflows and falling crude oil prices.

Indian stock indices edged lower on Monday morning as profit-booking followed a seven-session winning streak, with heavyweight tech stocks dragging down both the Sensex and Nifty 50 despite positive foreign investment inflows and falling crude oil prices.

Indian stock indices edged lower on Monday morning as profit-booking followed a seven-session winning streak, with heavyweight tech stocks dragging down both the Sensex and Nifty 50 despite positive foreign investment inflows and falling crude oil prices.

The Indian stock indices edged lower on Monday, trading in the red during the opening minutes of the market. Despite a drop in crude oil prices and renewed interest from foreign institutional investors, profit-booking after a winning streak seems to have dampened the Diwali spirit on Dalal Street.

The markets had edged slightly lower during the special Murrat trading window on Sunday, consolidating gains after a seven-session streak. The indices had jumped about 10.5 per cent in the past week as AI-led stocks crashed in global markets.

The benchmark Nifty 50 slipped to 24,905.70 on Monday, dropping by 0.32 per cent. The Sensex tumbled 0.35 per cent to 80,748.34.

The State Bank of India, HDFC Bank, ICICI Bank, Indigo, Sunpharma and Mahindra and Mahindra were winners in the Sensex index. Tech stocks, including Infosys, HCL Tech and TCS, were dragging behind in both the markets.

Heavyweight tech stocks dragged the market. Despite investors viewing India as an alternative AI solutions market, analysts quoted by MoneyControl said fundamental challenges such as AI-driven automation taking over traditional services continue to affect these companies.

Key factors influencing the market today:

Brent crude oil prices dropped to around $98 per barrel on Monday after US President Donald Trump said it was unlikely that he would conduct further strikes on Iran if negotiations over its nuclear program and the reopening of the Strait of Hormuz made significant progress.

Foreign investors bought Indian shares worth over $4.1 billion in November, their biggest monthly inflow since September.

Tech-heavy Asian markets recovered slightly from last week’s tech sell-off. Japan’s Nikkei 225 was up roughly 3 per cent amid broader chip-sector pressures. South Korea’s Kospi rose 0.23 per cent while the Kosdaq index fell 1.14 per cent. Hong Kong’s Hang Seng index futures pointed to a high opening.

Wall Street traded mixed, with the Dow Jones market declining 0.46 per cent. However, the Nasdaq and S&P closed slightly higher on Friday.

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