File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )
Meanwhile, the rupee depreciated by 26 paise to 70.18 against the US dollar in early trade today.
BSE Sensex on Monday dropped 372.17 points to close at 37,090.82. NSE Nifty slumped 130.70 points to close at 11,148.20.
The domestic stock markets today opened in red trailing weak global cues.
At 9.33 am, the Nifty50 on the National Stock Exchange traded at 11,256.55, lower by 22.35 points or 0.20 per cent from the previous close of 11,278.90 points.
The BSE Sensex traded at 37,454.25, lower by 8.74 or 0.02 per cent, from the previous close of 37,462.99 points.
It opened at 37,491.30 and has so far touched an intra-day high of 37,505.66 and a low of 37,319 points.
The rupee depreciated by 26 paise to 70.18 against the US dollar in early trade today amid US-China trade-related concerns and rising crude oil prices.
The domestic currency fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency due to persistent foreign fund outflows and renewed worries over rising crude oil prices.