Dalal Street clocked a gap-down start on Monday as concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects weighs on sentiment.
The benchmark S&P BSE Sensex declined 360 points in early deals to trade at 52,781 levels while the Nifty50 started with a 100-pts cut at 15,823. In the broader market, the BSE MidCap and SmallCap indices slipped 0.4 per cent and 0.3 per cent, respectively.
All the key sectoral indices were in the red. The Nifty Bank index was the top loser, down 1.5 per cent.