Indian share markets open lower on Monday. Key benchmark indices were seen marginally lower with the Nifty falling, even as select banking stocks declined. Global signals were passive, with Asian markets trading mixed. The Nifty of the national Stock Exchange was trading lower by 1% , while the  BSE Sensex was down 57 points in the morning session.

Shares in Axis Bank were little changed ahead of results to be declared later today. Tata Motors witnessed its shares gain after the company's consolidated net loss climbed to Rs 307 crore in the September quarter due to the pandemic. However, Tata Motors is expecting a gradual recovery in the next few quarters as the pandemic eases, which pushed the shares almost 6 percent higher at Rs. 59.70  per share from the previous closing. In comparison the BSE senses scal3d at 40423-level while the NSE Nifty quoted at 11870-level.

ICICI Prudential Life witnessed its stock retreating marginally after the company reported a marginal rise in net profit to Rs 303 crore for the September quarter. ICICI Prudential Life had posted a net profit of Rs 302 crore during the corresponding period a year ago.

Kotak Mahindra Bank, which witnessed a spectacular rally of 11 percent in its share price on Tuesday, gave up gains and was trading lower by 1.94 percent. Share price quoted at Rs1556 per share at the time of this writing. Reliance Industries was one stock that lent support to the market and was up Rs. 3.70 from the previous closing.

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