Indian stock markets opened with a slight dip on Monday.

Mumbai (Maharashtra), August 12: Indian markets opened with a slight dip on Monday, with both major indices experiencing declines in the opening trade.

The Nifty 50 index began the day at 24,320.05, down by 47.45 points or 0.19 per cent, while the BSE Sensex started at 79,296.67, marking a drop of 409.24 points or 0.69 per cent.

Across the broad market indices on the National Stock Exchange, including Nifty Next 50, Nifty 100, and Nifty 200, a slight dip was observed at the opening. Additionally, the volatility index of NSE, India VIX, saw a surge during the early session.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated, "This week, global and domestic factors are likely to influence the market. Globally, attention will be on the US consumer data and core CPI numbers, which will provide insights into the strength or weakness of the US economy. Domestically, there's the Hindenburg report and its potential consequences, though it seems unlikely that this 'revelation' will have a significant impact on the market."

In sectoral indices, with the exception of Nifty Consumer Durables, all others experienced selling pressure and opened in the red. Among the companies reporting their first-quarter earnings today are Vodafone Idea, NMDC, Happiest Minds, Orchid Pharma, and National Aluminium Company.

Within the Nifty 50 index, the top gainers in the opening session included Britannia, ONGC, Grasim, Tech Mahindra, and Asian Paints, while the top losers were Adani Enterprises, Adani Ports, NTPC, Power Grid, and State Bank of India.

In global markets, the S&P 500 increased by 0.47 per cent to 4,464.05, and the Nasdaq Composite rose by 0.51 per cent to 13,644.85. Asian markets showed mixed results, with Japan's Nikkei 225 up by 0.26 per cent, while China's Shanghai Composite fell by 0.27 per cent.