Mumbai: The key Indian equity indices on Monday opened in the red following weak Asian cues.
The benchmark BSE Sensex shed about 55 points and the NSE Nifty slipped below the 8,400-mark in early deals on Monday on sustained capital outflows by foreign funds and selling by retail investors amid weak global cues.
Deprecating rupee against the dollar also added to the dampened sentiment.
The 30-share index dropped 54.57 points or 0.20 percent to 27,183.49. The gauge had lost 9.10 points in the previous session on Friday.
In a similar fashion, the NSE Nifty fell below 8,400-mark, shedding 21.15 points or 0.25 percent to 8,379.20.
The Sensex touched a high of 27,245.51 points and a low of 27,191.79 points in the trade so far.
Sectoral indices led by IT, teck, metal, capital goods and oil&gas were trading in the negative zone with fall of up to 0.96 percent.
Brokers said that the sentiment remained weak in the absence of any positive trigger amid sustained capital outflows by foreign funds.
Besides, there was a weak trend in other Asian markets after recent gains.
In the Asian region, Japan's Nikkei fell 0.91 percent, Hong Kong's Hang Seng shed 1.11 percent in early trade. China's Shanghai Composite index too plunged 1.40 percent.
The Dow Jones Industrial Average ended 0.03 percent lower in Friday's trade.
With Agency Inputs
