Investors kept their powder dry, awaiting IIP & retail inflation prints due later in the day.
BSE Midcap and Smallcap indices were trading flat in opening deals.
Sensex settled 151 points down at 36,395.03, with 14 stocks up and 17 stocks down.
The Sensex slipped over 180 points and the Nifty touched 10,875-mark
Friday's losses indicated a downside momentum for Nifty50 on the technical charts.
Major fund managers embarked on a selling spree to mitigate their losses.
MACD showed bullish crossovers on 78 counters on the BSE.
Sensex fell over 200 points and Nifty hovered near 11,000-mark in opening deals.
Rupee's rise against the US dollar and a fall in crude oil prices offered some relief for the market.
The Reserve Bank of India will announce its monetary policy decision before noon today.
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