9.21 AM: It is a gap-down opening for the Indian indices on Monday

It is a gap-down opening for the Indian indices on Monday with Nifty slipped below 11,600 level.

At 09:17 hrs IST, the Sensex is down 380.44 points or 0.98% at 38582.82, and the Nifty down 111.90 points or 0.96% at 11600.40.

HDFC Bank, SBI, Maruti Suzuki, RIL, Titan, Yes Bank, Tata Steel, Vedanta, Tata Motors, Hindalco, Infosys, Indiabulls Housing, HUL are among major losers on the indices, on the other hand gainers are BPCL, Power Grid, Asian Paints and Eicher Motors.

All the sectoral indices are trading red led by metal, IT, infra, bank, auto, pharma and FMCG.

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