EARLY TRADE: Indexes open lower tracking for weaker Asian markets; Nifty at 24,636, Sensex down 74 points.

Indian stocks on Monday (December 9) started trading on a weak note. Earlier, the BSE was down 0.09 percent or 73.73 points at 81,635.39, while the Nifty 50 index was down 0.17 percent or 41 points at 24,636.4.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The near-term market outlook is positive. The leading banks are still well-priced, and have the potential to drive the market forward.

A sustained rally could push the Nifty Bank to new highs, pushing the Nify higher, he added.

Asian markets

The MSCI Asia ex Japan index traded down 0.46 percent. Most Asian markets continued to trade in the red as South Korean stocks hit record lows amid growing political tensions year-on-year. On the other hand, investors have been tracking the release of economic data from China and Japan.