Indian Stock Markets opened marginally higher on Monday after a weak close on Friday.  At 10.20 a.m. NSE Nifty was trading with a gain of six points.  The BSE mid-cap Index was down by 75 points in early trade.

BSE IT index was also down by 123 points.  Banking stocks were trading with the loss compared to Friday's close.

Auto major Bajaj Auto was down by 2.4% at Rs. 2240.  The stock touched an intraday high of Rs. 2338.

Banking major HDFC bank was down by 5%.  The stock touched a low of Rs. 1395 during the trading session.  Centurion bank of Punjab was down by 10%. Both banks recently announced their plan of merger. Axis bank was down by 2.8%.  ICICI bank was down by 3.5% in early trades.

At 10.40 a.m. BSE Sensex was down by 140 points.  NSE nifty was at 5073 with a loss of 37 points.