Indian Stock markets opened strong on Monday. However, at higher levels, selling pressure was witnessed and equities reacted sharply to lead NSE Nifty into negative zone. NSE Nifty touched a high of 5147 within first few minutes of trading session.

At 10.07 am IST, NSE Nifty was marginally up by 2 points at 5113. BSE Sensex was down by 12 points at 17,113.
Among gainers were Reliance Power, Hero Honda, M&M, Maruti, HDFC Bank, VSNL, Idea Cellular and Sun Pharma.

Banking counters were trading marginally lower. SBI was down by 1.1% followed by PNB, Bank of India, Oriental Bank of Commerce and ICICI Bank.

Among major losers were Mastek, Wipro, Infosys Technologies and Satyam Computers.

Markets are showing some signs of strength as the global cues are encouraging. US markets have been trading strong for the past two weeks. Dow Jones Industrial Average closed at 12,891 and Nasdaq closed at 2,422 last week.