The benchmark Bombay Stock Exchange (BSE) index Sensex was trading over 212 points lower at 28,970.91 on Monday as banking stocks plunged.
The 30-share BSE barometer, which opened at 29,143.63 points, was trading at 28,970.91 (at 12:15 pm), down 212.04 points or 0.73 per cent from Friday’s close at 29,182.95.
The Sensex touched a high of 29,158.57 points and a low of 28,959.08 points in the trade so far.
Good buying was observed in IT and capital goods sectors, while selling pressure was seen in banking and fast moving consumer goods (FMCG) sectors.
The S&P IT index gained by 109.48 points and capital goods index moved up by 86.03 points. However, bankex plunged by 271.80 points and FMCG index dropped by 126.54 points.
The broader 50-issue National Stock Exchange (NSE) index Nifty was trading at 8,763.60, down 45.30 points or 0.51 per cent.