Indian equity indices dipped in opening trade on Monday, owing to negative world market trends and ongoing foreign money outflows.

In early trade, the Sensex slid 137.84 points to 57,782.13. The Nifty fell 52.75 points to 17,132.95.

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Among the Nifty components, the top laggards were Mahindra & Mahindra, Adani Enterprises, JSW Steel, and Larsen & Toubro.

On the other hand, early trading winners were Bajaj Auto, State Bank of India, ICICI Bank, and Eicher Motors.

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All the Asian markets are trading in red with Nikkei 225 slipping 373.93 points or 1.38% to 26,716.83, Straits Times losing 33.71 points or 1.11% to 3,005.90, Hang Seng declining 199.61 points or 1.20% to 16,388.08, Taiwan Weighted plunged 192.02 points or 1.46% to 12,936.10, KOSPI fell 1.58 points or 0.07% to 2,210.97, Jakarta Composite weakened 31.20 points or 0.46% to 6,783.33 and Shanghai Composite was down by 3.16 points or 0.10% to 3,068.83.

Wall Street had ended significantly lower on Friday. The S&P 500 fell 86.84 points, or 2.37%, to 3,583.07. The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.80. The Nasdaq fell 327.76  points, or 3.08%, to 10,321.40. The Russell 2000 index of smaller companies fell 1,662.40 points, or 2.66%, to 1,691.92.

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On Friday, the Sensex rose 684.64 points, or 1.20%, to 57,919.97. The Nifty rose 171.35 points, or 1.01%, to 17,185.70.

Foreign institutional investors (FIIs) have sold shares worth a net of Rs 1,011.23 crore, whereas domestic institutional investors (DIIs) purchased shares worth a net of Rs 1,624.13 crore on October 14, as per data available on the NSE.

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Brent crude, the international standard for crude oil, was trading 0.59% higher at USD 92.17 a barrel. In early trade on Monday, the rupee fell 19 paise to 82.38 against the dollar, as continued foreign money outflows and weak local equities impacted investor sentiment.