Market opens in red; A few stocks give positive returns

Key Points:

• The domestic stock markets opened in the red on Monday, with the Sensex falling over 300 points and the Nifty below 17,800.
• However, there were a few stocks that bucked the trend and closed in the green.
• These included IT stocks such as Infosys, TCS, and HCL Tech, as well as pharma stocks such as Cipla and Dr. Reddy's Laboratories.

The domestic stock markets opened in the red on Monday, with the Sensex falling over 300 points and the Nifty below 17,800. The fall was largely due to weak global cues and profit-booking by investors. However, there were a few stocks that bucked the trend and closed in the green.

IT stocks were among the top gainers on Monday, with Infosys, TCS, and HCL Tech all closing in the green. This was largely due to positive news from the IT sector, with several companies reporting strong earnings growth in the recent quarter.

Pharma stocks were also among the top gainers on Monday, with Cipla and Dr. Reddy's Laboratories both closing in the green. This was largely due to expectations of strong growth in the pharma sector in the coming quarters.

Overall, the stock markets opened in the red on Monday, but there were a few stocks that bucked the trend and closed in the green. These included IT stocks such as Infosys, TCS, and HCL Tech, as well as pharma stocks such as Cipla and Dr. Reddy's Laboratories.