<p>Domestic equity benchmark Sensex dropped over 100 points in early trade on Monday tracking tepid cues from global equities.</p>.<p>After opening on a volatile note, the 30-share BSE index was trading 101.60 points or 0.26 per cent lower at 38,255.58; while the NSE Nifty slipped 25.80 points or 0.23 per cent at 11,308.05.</p>.<p>M&M was the top loser in the Sensex pack, shedding around 2 per cent, followed by Bajaj Auto, Kotak Bank, HDFC Bank, HCL Tech, Bajaj Finance, Bharti Airtel, ITC and UltraTech Cement.</p>.<p>On the other hand, Tata Steel, Maruti, Axis Bank, Asian Paints, Titan and Sun Pharma were among the gainers.</p>.<p>In the previous session, Sensex ended 633.76 points or 1.63 per cent lower at 38,357.18, while Nifty plunged 193.60 points or 1.68 per cent to close at 11,333.85.</p>.<p>Exchange data showed that foreign institutional investors sold equities worth Rs 1,888.78 crore on a net basis on Friday.</p>.<p>Domestic equities turned cautious in early trade tracking mixed cues from global equities, traders said.</p>.<p>According to Ajit Mishra, VP Research, Religare Broking, participants will continue to take cues from the global markets this week in the absence of any major event.</p>.<p>“Markets are facing headwinds from both domestic and global front and indications are pointing towards further slide ahead,’ he added.</p>.<p>Bourses in Hong Kong and Seoul were trading with gains in mid-session deals, while Shanghai and Tokyo were in the red.</p>.<p>Global oil benchmark Brent crude was trading 0.94 per cent lower at $42.26 per barrel.</p>
<p>Domestic equity benchmark Sensex dropped over 100 points in early trade on Monday tracking tepid cues from global equities.</p>.<p>After opening on a volatile note, the 30-share BSE index was trading 101.60 points or 0.26 per cent lower at 38,255.58; while the NSE Nifty slipped 25.80 points or 0.23 per cent at 11,308.05.</p>.<p>M&M was the top loser in the Sensex pack, shedding around 2 per cent, followed by Bajaj Auto, Kotak Bank, HDFC Bank, HCL Tech, Bajaj Finance, Bharti Airtel, ITC and UltraTech Cement.</p>.<p>On the other hand, Tata Steel, Maruti, Axis Bank, Asian Paints, Titan and Sun Pharma were among the gainers.</p>.<p>In the previous session, Sensex ended 633.76 points or 1.63 per cent lower at 38,357.18, while Nifty plunged 193.60 points or 1.68 per cent to close at 11,333.85.</p>.<p>Exchange data showed that foreign institutional investors sold equities worth Rs 1,888.78 crore on a net basis on Friday.</p>.<p>Domestic equities turned cautious in early trade tracking mixed cues from global equities, traders said.</p>.<p>According to Ajit Mishra, VP Research, Religare Broking, participants will continue to take cues from the global markets this week in the absence of any major event.</p>.<p>“Markets are facing headwinds from both domestic and global front and indications are pointing towards further slide ahead,’ he added.</p>.<p>Bourses in Hong Kong and Seoul were trading with gains in mid-session deals, while Shanghai and Tokyo were in the red.</p>.<p>Global oil benchmark Brent crude was trading 0.94 per cent lower at $42.26 per barrel.</p>