In Monday's morning session, Benchmark indices continued to trade lower amid a spike in oil price following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5 per cent of global oil supply.
The S&P BSE Sensex dipped 113 points, or 0.3 per cent, to 37,270 levels. The top laggards in the Sensex pack were Reliance Industries, Tata Steel, Asian Paints, YES Bank and Tata Motors. The broader Nifty50 hovered near 11,000 levels, down 68 points, or 0.6 per cent.
Most of the Nifty sectoral indices traded in the red. While Nifty IT index gained 0.6 per cent after the Rupee opened 1 per cent lowered against the US dollar, Nifty Auto, Nifty Bank, and Nifty Private Bank indexes were all down 0.8 per cent.
In the broader market, the S&P BSE MidCap index slumped 23 points, or 0.17 per cent, to 13,640 levels, while the S&P BSE SmallCap index was flat at 13,000 levels.