Mumbai: As the country is observing a 'Bharat Bandh' on account of rising fuel prices and depreciating value of the Rupee, market indices have witnessed a slump on Monday morning.
The BSE' Sensex is trading 395.60 points lower at 37,993.52, while the Nifty has dropped below 11,500 to trade at 11,458.40.
Sectoral indices are trading in green, led by favourable outcomes in the IT and pharmaceutical sectors.
Among the top gainers are Axis Bank, Cipla and JSW Steel, while Tata Motors, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have incurred significant losses.
Meanwhile, the Indian Rupee registered a fresh low by opening at Rs. 72.18 against a dollar, registering a 60 paise decline from Friday's closing value of Rs 71.73 against a dollar.