Equity benchmark Sensex fell over 100 points in early trade on Monday, tracking losses in index majors Reliance Industries, IndusInd Bank and HDFC amid a largely negative trend in Asian markets.
After opening on a positive note, the 30-share index turned negative to trade 130.18 points or 0.22% lower at 59,937.44 in early deals. Similarly, Nifty fell 25.80 points or 0.14% to 17,891.
IndusInd Bank was the top gainer in the Sensex pack tanking around 9% after the lender admitted to disbursing 84,000 loans without customers’ consent in May due to a “technical glitch”.
Asian Paints, Sun Pharma, Mahindra & Mahindra, Reliance Industries and HDFC Bank were also among the laggards.
On the other hand, Bharti Airtel, Titan, UltraTech Cement and L&T were among the gainers.
In the previous session special Muhurta trading was held on Thursday to mark the beginning of the Hindu Samvat year 2078.
Sensex climbed 295.70 points or 0.49% at 60,067.62 and Nifty rose 87.60 points or 0.49% at 17,916.80.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 328.11 crore on Thursday, according to exchange data.
BSE and NSE remained closed on Friday (November 5) on account of ‘Diwali Balipratipada’.
Elsewhere in Asia, shares in Hong Kong, Tokyo and Seoul were trading with losses in mid-session deals, while Shanghai was positive.
Meanwhile, international oil benchmark Brent crude rose 1.04% to $83.59 a barrel.
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