The Sensex slid 225 points in early trade on Monday, reflecting losses in index mainstays HDFC twins, Infosys, and Maruti as foreign fund outflows continued and Asian bourses were mixed.

In early trade, the BSE index was down 225.04 points, or 0.38%, at 58,419.78. Similarly, the Nifty fell 69.55 points, or 0.40%, to 17,446.75.

Bajaj Finance was the Sensex pack’s biggest loss, losing over 2%, followed by HDFC Bank, Infosys, M&M, Asian Paints, Bharti Airtel, Dr Reddy’s, Maruti, and HDFC. On the other hand, Tata Steel, PowerGrid, SBI and Reliance Industries were among the gainers.

The 30-share index fell 143.20 points, or 0.24%, to 58,644.82 in the previous session. Similarly, the NSE Nifty dropped 43.90 points, or 0.25%, to 17,516.30.

Elsewhere in Asia, Hong Kong, Tokyo, and Seoul were all down in mid-session trade, while Shanghai was up.

On Friday, stock exchanges in the United States ended on a mixed note.

G-secs, Forex, and markets would be closed on Monday, according to the RBI, after the Maharashtra government’s declaration of a public holiday to grieve the loss of iconic singer Lata Mangeshkar.

Meanwhile, the Reserve Bank of India (RBI) said on Sunday that the rate-setting Monetary Policy Committee (MPC) meeting will be rescheduled by a day due to Maharashtra announcing a public holiday on February 7 to mourn the passing of Bharat Ratna famous singer Lata Mangeshkar.

The meeting of the MPC was set for February 7-9, 2022. Because of the postponement, the meeting will now take place on February 8 and the outcomes will be disclosed on February 10.

In the first four trading sessions of February, foreign portfolio investors (FPIs) withdrew up to Rs 6,834 crore from Indian markets.

FPIs pulled out Rs 3,627 crore from stocks, Rs 3,173 crore from debt, and Rs 34 crore from hybrid instruments, according to depositories data.

According to stock exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Friday, selling shares worth Rs 2,267.86 crore.

Brent crude, the international oil standard, fell 0.02% to USD 93.25 per barrel.