The benchmark equity indices on the BSE and National Stock Exchange (NSE) declined from their opening lows and were trading over 2 per cent lower during the early afternoon trade on Monday, led by a cross sector selloff in metals, automobiles, banking and financial stocks amid a largely negative trend in global markets.
At 12:57 pm, The S&P BSE Sensex trading 1,252.46 points (2.12 per cent) lower at 57,784.72 while the Nifty 50 fell 386.00 points (2.19 per cent) to 17,231.15. Both the indices had opened around 0.4 per cent lower earlier in the day and fell further as the trade progressed.
On the Sensex pack, the losses in the afternoon trade were led by Reliance Industries (RIL), Infosys, HDFC Bank, Bajaj Finance, Kotak Mahindra Bank and Tata Consultancy Services (TCS). All Sensex stocks were trading in the red.
In the previous session on Friday, the Sensex had ended 427.44 points (0.72 per cent) lower at 59,037.18. Likewise, the broader Nifty had plunged 139.85 points (0.79 per cent) to 17,617.15.
