Indian equities erased all its earlier gains and slipped into the negative terrain on Monday. Both Sensex and Nifty were trading below 3-month low. At 11.22 a.m., the Sensex was trading down 104.30 points or 0.38% at 27,333.64 with 21 components falling.  Meanwhile, the Nifty was trading lower by 66.25 points or 0.80% at 8,239 with 40 components falling. 

Biggest gainers in the 30-share index were Sesa Sterlite  (1.98%), NTPC  (1.70%), Wipro  (0.78%), Tata Motors  (0.76%), I T C  (0.55%),  and I C I C I Bank  (0.49%).

 On the other hand, Dr Reddy'S Laboratories  (2.59%), State Bank Of India (2.45%), Cipla  (1.89%), Hero Motocorp  (1.88%), Housing Development Finance Corporation  (1.83%),  and Sun Pharmaceutical Industries  (1.56%) were the major losers in the Sensex.

The Realty index was at 1,534.06, down by 39.01 points or by 2.48%. The Consumer Durables index was at 10,344.91, down by 197.37 points or by 1.87%. On the other hand, the Power index was at 2,092.80, up by 0.92 points or by 0.04%.