Indian stock markets opened cautiously Monday, facing valuation concerns and weak earnings.

Indian stock markets opened cautiously on Monday, with the Nifty 50 and BSE Sensex both down slightly due to valuation concerns and weak first-quarter earnings. Experts attribute the cautious opening to high valuations, weak corporate results, and global uncertainties. The Nifty Midcap 50 and Nifty Smallcap 100 indices were in the green, while others were red. Sectorally, Nifty Auto and PSU Bank were positive, but Nifty IT declined over 1%. The market faces potential further declines if it falls below key support levels.