Sensex Down Over 100 Points, Nifty Below 10,900 | Read

Domestic stock markets opened on a negative note on Monday amidst mixed cues from the Asian markets. At 10:22 am, the S&P BSE Sensex declined 127.63 points, or 0.35 per cent, to trade at 36,099.51. The broader NSE's Nifty50 was trading 57.35 points, or 0.52 per cent, down at 10,873.10. According to analysts, heavy selling pressure was witnessed in banking, auto and financial stocks. Shares of Bandhan Bank Ltd plummeted to their lowest on Monday since the lender's market debut in March, after the Reserve Bank of India (RBI) withdrew permission to open new branches and froze its chief executive's remuneration at the current level until further notice.