The morning session on the stock market saw erratic trade

Early on Monday, trading saw seesaw fluctuations in equity benchmark indexes, mostly reflecting erratic developments in international markets.

The 30-share BSE Sensex opened positively, up 52.48 points, or 0.07 percent, to 71,647.97 points in early trading.

But it lost those gains, dropping 147.85 points, or 0.21%, to 71,447.64 points.

Comparably, the Nifty fell 44.60 points, or 0.20 percent, to 21,737.90 points after rising 30.70 points, or 0.14 percent, to 21,813.20 points.

Among the Sensex pack’s top gainers were Wipro, HCL, Tech Mahindra, and Infosys; among the worse performers were PowerGrid, Hindustan Unilever, Reliance, Bharti Airtel, and ICICI Bank.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, international institutional investors may start selling US bonds as their rates rise.

Thus, it is probable that the bulls and bears will continue to struggle with one another. In addition to favorable economic indicators, one of the main things keeping the market going is the consistent inflow of mutual funds. The inflated market-wide values, however, are cause for alarm. Long-term safety is best served by large-cap stocks,” he said.

Asia’s Nikkei 225 in Tokyo and the Shanghai Composite in China were both trading slightly higher.

The Hang Seng of Hong Kong was down.

While US equities finished the day neutral, European markets completed the day in the red.

The benchmark for global oil, Brent crude, fell 0.52% to USD 81.76 a barrel on Monday.

According to exchange statistics, foreign institutional investors (FIIs) bought shares on Friday for a total of Rs 141.95 crore.

The Nifty increased by 64.55 points, or 0.30 percent, to end at 21,782.50 points on Friday, while the Sensex increased by 167.06 points, or 0.23 percent, to conclude at 71,595.49 points.