Sensex falls over 100 points, Nifty near 11550

BSE Sensex and NSE’s Nifty 50 declined on Monday, tracking losses in global markets. The rupee weakened further against the US dollar after India’s current account deficit widened to a four-quarter high due to rising crude oil prices. 

The Sensex started at 38,348, dipping by 41 points or 0.11 per cent in the opening tick, while the Nifty 50 shed nearly 19 points, or 0.16 per cent, to trade at 11,570. 

Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index's 0.5 percent drop. On the flipside, the Nifty IT index was top gainer, up 0.5 percent.

Indices further fell in the initial trade with Sensex dipping over 100 points and the Nifty 50 slipping lower by over 33 points and turned volatile. 

The Indian rupee fell sharply and opened at a fresh record low of 72.18 against the dollar against Friday's close of 71.73. 

Except for IT and Metal, all sectoral indices on the NSE traded weak with Bank Nifty down by 0.31 per cent. PSU Bank was lower by 0.45 per cent.