Indian stock market benchmark Sensex slipped over 200 points in early trade on Monday, tracking losses in index-heavyweights HDFC (Housing) HDFC Bank, ICICI Bank, SBI and Bajaj Finance. At around 10.30 am, the BSE index was trading 202 points lower at 52,272 while the broader NSE Nifty fell 70 points to 15,20.
Bajaj Finance was the top loser in the Sensex pack, shedding around 1.65 percent, followed by NTPC, SBI, Kotak Bank, Bharti Airtel, Dr. Reddy’s and HDFC twins. On the other hand, Infosys, Reliance, TCS, Bajaj Auto and ONGC were the gainers.
On the sectoral front, Nifty Metal was worst hit plummeting by 2.9 percent, while Nifty Medial, Nifty PSU Bank and Nifty Realty slipped by 2.7 percent, 2.2 percent and 2.5 percent respectively. IT index was the only sector trading in green.
Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 18.64 crore on Friday, as per provisional exchange data.
Meanwhile, the International oil benchmark Brent crude was trading 0.45 percent higher at USD 73.02 per barrel.
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