The Sensex fell more than 100 points in early trade on Monday, mirroring losses in index heavyweights Reliance Industries, IndusInd Bank, and HDFC amid a broadly bearish trend in Asian markets.

After a good start, the 30-share index fell 130.18 points, or 0.22%, to trade at 59,937.44 in the early session. Likewise, the Nifty dropped 25.80 points, or 0.14%, to 17,891.

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IndusInd Bank was the biggest loss in the Sensex pack, falling approximately 9% after admitting to disbursing 84,000 loans without client consent in May due to a “technical glitch.”

Among the laggards were Asian Paints, Sun Pharma, M&M, Reliance Industries, and HDFC Bank while Bharti Airtel, Titan, UltraTech Cement, and L&T, on the other side, benefited.

On Thursday, special Muhurat trade was held to commemorate the start of the Hindu Samvat year 2078.

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The Sensex rose 295.70 points, or 0.49%, to 60,067.62, while the Nifty gained 87.60 points, or 0.49 %, to 17,916.80 in the previous session.

According to exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Thursday, offloading shares worth Rs 328.11 crore.

The BSE and NSE were closed on Friday (November 5) in observance of ‘Diwali Balipratipada.’

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

Meanwhile, Brent crude, the international oil standard, increased 1.04% to USD 83.59 per barrel. In early trade, the rupee climbs 23 paise to 74.23 against the US dollar.