The benchmark Sensex dipped by about 100 points in early trade on Monday on profit-selling by funds and speculators amid a weak trend in other Asian stock markets.
The Bombay Stock Exchange barometer fell by 99.60 points, or 1.20 per cent, to 8,226.22 points with all sectoral indices trading in the negative zone. The 30-share index had gained 127.90 points in the previous session.
The 50-share National Stock Exchange's Nifty dipped below the 2,600 level declining by 31.05 points to 2,589.10 points.
Marketmen said a weak trend in the Asian stock markets and profit-taking by speculators after previous session's recovery mainly led to a fall in the stock prices.
Funds were seen off-loading their positions due to upcoming holidays, they added.
Markets will remain closed on Tuesday and Wednesday on account of 'Id-e-Milad' and 'Holi' respectively.
Among major losers which dragged the Sensex down, Reliance Industries fell by 1.50 per cent to Rs 1,152.95, RCom by 1.05 per cent to Rs 136.35, Reliance Infra by 1.72 per cent to Rs 444.50, Sterlite Industries by 1.34 per cent to Rs 246.70 Tata Motors by 0.58 per cent to Rs 137.70 and Tata Power by 0.94 per cent to Rs 633.
Besides, technology stocks such as Infosys Technologies fell by 1 per cent to Rs 1,207, Tata consultancy Services by 0.92 per cent to Rs 476.40 and Wipro by 1.29 per cent to Rs 210.45.
