India's benchmark stock market indices openedlower on Monday and declined more than 0.75% in opening tradetracking mixed global cues.

Nifty, the 50-share index of NSE lost 192.70 points or 0.74% and was trading at 25,986.25, while the 30-share Sensex of BSE slipped over 662.53 points or 0.78% to trade at 84,897.73 points.

All broad market indices on Nifty were trading lower with all segments including large-cap, midcap and small-cap shares losing between 0.50% to 0.75% indicating the volatility in the indices.

In today's sectoral performance in early morning trade on Nifty, Metal shares shined rising over 1.36% and consumer durables was marginally high at 0.35%, while all other segments were trading in the red. Nifty Bank index has dipped by 0.96%. Nifty FMCG is slightly down by 0.30%, whereas the Nifty Auto sector has experienced a sharper decline of 1.33%. The Nifty IT sector, another heavyweight, remains relatively stable with a minor drop of 0.19%.

The early gainers on the NSE this session include JSW Steel, which is trading at ₹1025.45, reflecting a 2.35% increase. Hindalco follows with a 1.88% rise, trading at ₹761.2. Tata Steel has gained over 2%, trading at ₹169.85. Grasim is up by 1.44%, trading at ₹2823.3, while Asian Paint gained 1.17% and is trading at ₹3349.35.

The early losers on the NSE this session include Hero MotoCorp, which is trading at ₹5779.15, reflecting a decline of 2.99%. Coal India follows with a 2.59% drop, trading at ₹502.75. BEL has decreased by 2.27%, trading at ₹286.8. ICICI Bank is down by 1.81%, trading at ₹1283, while Axis Bank is trading at ₹1250.55, reflecting a decrease of 1.78%.

As of 10:30 AM IST on September 30, 2024, a total of 2,649 stocks have been traded in the market.  Market breadth remained negative with 901stocks advancing, while 1,677 have declined, and 71 remain unchanged.

Earlier in broader Asia, theJapanese marketstumbled on the election results in ruling party while Chinese and Korean markets continued upward momentum buoyed by stimulus measures from the Chinese central bank. Korean and Taiwan benchmark indices are also trading lower in broader Asia.

Japan's Nikkei 225 fell more than 4.60%, trading at 37,974.48 points following the Japanese ruling party's internal elections, which saw Shigeru Ishiba winning. Ishiba, who was elected to lead the Liberal Democratic Party, has expressed support for granting more autonomy to the Bank of Japan and maintaining accommodative policies under the current economic conditions, despite being an erstwhile critic of monetary easing.

Mainland China's blue-chip indexsurged about 6.22% to trade at 3934.97as China released official purchasing managers' index numbers for September that showed the manufacturing sector contracted for the fifth straight month to 49.8 from 50.4 in the previous month. However, the numbers beat the expectation of analysts polled by Reuters that stood at 49.5.

Hong Kong's Hang Seng index opened higher at 21,321.41 and was trading up 3.34% or 689 points. Taiwan's benchmark index lost 1.21% and South Korea's Kospi slipped over 1.69% on morning session Monday.

Global markets are eagerly anticipating several significant economic data releases from the U.S. this week, that include payrolls report. This report is expected to provide valuable insights into the state of the U.S. labour market and could serve as a key indicator of the extent of rate cut by the Federal Reserve in its November meeting.