Sensex drops over 200 factors in early commerce; Nifty slips under 17,600-mark

Equity benchmark Sensex slumped over 200 factors in opening commerce on Monday, monitoring losses in index majors Wipro, Bajaj Finserv and Infosys amid a largely detrimental development in world markets.
Besides, unabated overseas fund outflows additionally put stress on home equities, merchants mentioned.
The BSE gauge was buying and selling 233.53 factors or 0.40 per cent decrease at 58,803.65 in early commerce. Likewise, the Nifty fell 73.70 factors or 0.42 per cent to 17,543.45.
Asian Paints was the highest loser within the Sensex pack, shedding 2.44 per cent, adopted by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech and Bajaj Finance.

On the opposite hand, PowerGrid, Maruti, ICICI Bank, Reliance Industries and Bharti Airtel have been among the many gainers.
In the earlier session, the 30-share index ended 427.44 factors or 0.72 per cent decrease at 59,037.18. Similarly, the broader NSE Nifty plunged 139.85 factors or 0.79 per cent to 17,617.15.
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo have been buying and selling with losses in mid-session offers, whereas Shanghai was within the inexperienced.
Stock exchanges within the US completed with important losses within the in a single day session on Friday.

Meanwhile, worldwide oil benchmark Brent crude rose 0.92 per cent to USD 88.70 per barrel.
Foreign institutional traders (FIIs) remained internet sellers within the capital market, as they offered shares price Rs 3,148.58 crore on Friday, in response to inventory change information.