Extending the previous session losses, the Sensex and the Nifty fell over 1.1 per cent in the opening session on sustained selling by FIIs as the rupee hit a fresh record low of 63.75 against the dollar in early trade.
At 9.15 a.m., the 30-share BSE index Sensex was down 214.96 points (1.17 per cent) at 18,092.56 and the 50-share NSE index Nifty was down 95.25 points (1.76 per cent) at 5,319.50.
All BSE sectoral indices were trading in the red. Among them, banking, realty, FMCG and auto indices plunged the most by 2.39 per cent, 1.96 per cent, 1.84 per cent and 1.8 per cent, respectively.
Among 30-share Sensex, Tata Steel, Tata Power, Jindal Steel, Infosys and Hindalco were the top five gainers, while the top five losers were Bharti Airtel, M&M, ICICI Bank, Sun Pharma and ONGC.
Asian stocks were down as uncertainty prevailed over when the US Federal Reserve will begin to reduce its stimulus, which pushed up yields on US Treasuries to two-year highs.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, while Japan's benchmark Nikkei stock average shed 0.8 per cent in early trade.
Minutes from the US Federal Reserve last policy meeting will be released on Wednesday and could provide investors with fresh clues on when the Fed plans to taper its $85-billion-a-month bond-buying programme, which many believe could begin next month.
The Dow Jones industrial average, the Standard & Poor's 500 Index and the Nasdaq Composite Index had ended lower for the fourth straight session on Monday amid continuing uncertainty over the US economic policy outlook.
At 9.15 a.m., the 30-share BSE index Sensex was down 214.96 points (1.17 per cent) at 18,092.56 and the 50-share NSE index Nifty was down 95.25 points (1.76 per cent) at 5,319.50.
All BSE sectoral indices were trading in the red. Among them, banking, realty, FMCG and auto indices plunged the most by 2.39 per cent, 1.96 per cent, 1.84 per cent and 1.8 per cent, respectively.
Among 30-share Sensex, Tata Steel, Tata Power, Jindal Steel, Infosys and Hindalco were the top five gainers, while the top five losers were Bharti Airtel, M&M, ICICI Bank, Sun Pharma and ONGC.
Asian stocks were down as uncertainty prevailed over when the US Federal Reserve will begin to reduce its stimulus, which pushed up yields on US Treasuries to two-year highs.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, while Japan's benchmark Nikkei stock average shed 0.8 per cent in early trade.
Minutes from the US Federal Reserve last policy meeting will be released on Wednesday and could provide investors with fresh clues on when the Fed plans to taper its $85-billion-a-month bond-buying programme, which many believe could begin next month.
The Dow Jones industrial average, the Standard & Poor's 500 Index and the Nasdaq Composite Index had ended lower for the fourth straight session on Monday amid continuing uncertainty over the US economic policy outlook.
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