The Indian benchmark indices continued to bleed further on Monday morning with the Nifty plunging 128 points (lower by 1 percent) while the Sensex dived over 1 percent, shedding over 371 points.
Nifty Realty was the underperforming sector which was down close to 2 percent as stocks like Oberoi Realty dipped close to 7 percent followed by Delta Corp, Godrej Properties, Prestige Estates and Unitech.
However, it was the IT space which was the only sector trading in the green, up 0.66 percent led by Tech Mahindra, Cyient, Wipro and TCS.
The Nifty midcap index was down 2.4 percent dragged by Biocon, Allahabad Bank, Hindustan Zinc, IFCI, India Cements, L&T Finance, JSW Energy, SAIL and Union Bank of India among others.
The top Nifty losers included names like Vedanta which fell 5 percent while Bajaj Finance and Yes Bank were down 3.5 percent each. Hindalco Industries and Indiabulls Housing Finance were the other top losers.
The top Nifty gainers included Wipro and Tech Mahindra which gained over 1 percent each followed by Tata Motors, TCS and HCL Tech.
The top Sensex gainers were PC Jeweller which zoomed over 16 percent followed by Bombay Dyeing and Firstsource Solutions among others.
The top Sensex losers included Sterlite Tech which plunged over 10 percent closely followed by Vakrangee which was down 10 percent. Srei Infra, Whirlpool and Aegis Logistics were the other top losers.
Tech Mahindra was one of the few Nifty stocks that hit new 52-week high.
On the other hand, Castrol India, Fortis Healthcare, IDFC twins, LIC Housing Finance, PFC, PTC India Financial, Srei Infra, Suzlon Energy, Union Bank and Welspun India were some of the stocks that hit new 52-week low.
The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.