Mumbai, Dec 2 || The Indian stock market opened in red on Monday, as selling was seen in the PSU bank and financial services sectors in the early trade.
At around 09:42 am, the Sensex was trading at 79,661.99 after falling 140.80 points or 0.18 per cent, while the Nifty was trading at 24,118.85 after falling 12.25 points or 0.05 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,254 stocks were trading in green, while 1,076 stocks were in the red.
Market experts said that Q2 GDP numbers may impact the market but it is unlikely to be a huge impact.
If there is a sharp correction in the market, it could be a buying opportunity, as domestic institutional investors (DIIs) will continue to buy during dips. Segments such as pharma, telecom and digital companies, which are not affected by the slowdown, can be bought on dips, they said.
In the context of a slowdown in growth, the RBI may cut CRR on December 6.