The 30-share BSE index was trading 233 points or 0.45% lower at 52,110.97. Similarly, the broader NSE Nifty fell 80 points or 0.51% to 15,603.
On the sectoral front, Nifty IT stocks drag 1% while Auto, Banking and Financial Services stocks also struggle. Nifty Media, Realty and FMCG stocks trade higher.
The Nifty Auto was trading at 10,392.65 lower by 51.10 points or 0.49%. The index has touched an intraday high and low of 10,396.35 and 10,276.10 respectively on Monday.
Meanwhile, the Indian rupee slumped at 74.20 against the US dollar in opening trade on Monday tracking the strengthening of the American currency and a muted trend in domestic equities.
At the currency market, the US dollar surged to a 10-week high, while the pound fell to $1.38, its lowest level since early May.
Elsewhere in Asia, Japan’s Nikkei 225 crashed by over 1,000 points or 3.5%, Hong Kong’s Hang Seng index dropped 1.4% and mainland Chinese stocks fell in the first half of trade as the Shanghai Composite declined 0.2%.
Stocks that moved today:
Shares of PNB Housing Finance hit a 5% lower circuit limit after India's markets regulator asked the company to put on hold a share allocation to a clutch of investors led by private equity firm Carlyle Group.
Shares of Adani Ports and Special Economic Zone (APSEZ) were up on the BSE in intraday on Monday, rising 10% in the past two trading days, after the promoter bought nearly 2 million shares of the company via the open market. Infinite Trade and Investment Ltd, the promoter group of the company, purchased 1.93 million shares on June 17, 2021, representing a 0.09% stake, worth Rs126.81cr of the company via the open market, according to disclosure made by APSEZ on June 19, 2021.
Also, shares of Hindustan Unilever hit an extended rally for the fifth consecutive session and hit a fresh 52-week high on the BSE after the management said the outlook from June’21 onwards is likely to stay positive, barring the emergence of a third Covid-19 wave.