The benchmark BSE Sensex plunged 104 points in morning trade on Monday on persistent selling on the back of weak Asian cues amid an escalating violence in Iraq.

Shares of capital goods, power, realty, banking, consumer durables and auto sectors fell on heavy selling pressure.

The Sensex resumed slightly higher at 25,239.50 and moved in a range of 25,268.41 and 25,076.28 before quoting at 25,132.87 at 1000 hrs (IST), showing a loss of 104.30 points from its last weekend’s level.

The 50-share CNX Nifty also dropped 53.60 points to 7,488.50.

Major losers were Tata Power (3.04 per cent), Larsen (2.41 per cent), Coal India (2.20 per cent), M&M (2.16 per cent), BHEL (2.06 per cent), Axis Bank (1.82 per cent), ONGC (1.69 per cent), Tata Steel (1.64 per cent) and SBI (1.53 per cent).

Asian stocks also edged lower in early trade amid an escalation of violence in Iraq. Key benchmark indices in Taiwan, Hong Kong, Japan and South Korea fell 0.01-0.62 per cent while indices in China and Singapore rose 0.04-0.11 per cent.

Keywords: BSENSENiftySensexstock market

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