From the Sensex pack, Infosys, Wipro, Tata Motors, UltraTech Cement, and M&M opened with gains, while Power Grid, Sun Pharma, ITC, Axis Bank, and Reliance Industries opened with cuts.
Market experts believe selling pressure could intensify from here on and Nifty could experience a decline towards 21,350-21,200 level, amidst firming bond yields and dollar rates
While the benchmarks bucked the weak global trend and moved higher, analysts warn that exhaustion in the absence of any positive triggers may trigger a phase of consolidation