Indian markets open in the red; Sensex down over 1%

Indian equity indices on Monday morning opened in red following global cues.

At 10 am, the 30-scrip Sensitive Index (Sensex), was trading 272 points or 1.02% lower during the morning session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 72.25 points or 0.89% lower at 8,097.80 points.

On BSE, the top losers were ICICI Bank (2.57%), Tata Steel (1.91%), Hindalco Industries (1.91%), Bank of Baroda (1.88%) and SBI (1.85%).

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The Sensex of the BSE, which opened at 26,468.27 points, was trading at 23,364.08 points in the early session, lower 272 points or 1.02% from the previous day`s close at 26,635.75 points.

The Sensex touched a high of 26,468.27 points and a low of 26,372.79 points in the trade so far.