The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.
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