The BSE benchmark Sensex plunged over 310 points in opening trade on Monday due to sell-offs mainly in financial, metal and auto stocks amid subdued global cues.

Yes Bank, IndusInd Bank, Tata Steel, Sun Pharma, Vedanta and Tata Motors were among the top losers on the Sensex chart.
On the other hand, IT stocks HCL Tech, TCS, Infosys were the major gainers.

Opening on a flat note, the Sensex was gripped by volatility as the trade progressed and dived 310.80 points or 0.80 points to trade at 38,511.77 in early deals.While, the Nifty was down 84.05 points or 0.74 points to 11,427.55.

Analysts attributed the sluggish start for the Indian markets to subdued global cues.Asia stocks too were trading mixed as investors continued to watch developments on the US-China trade front.

Reports suggested that the White House was considering curbs on US investments in China.The Indian rupee opened marginally higher against the US dollar in early deals on Monday.

Last week, the Indian government continued with its measures to prop up consumer demand across sectors and bring the economy on track.

Series of consultations the finance minister has been holding with various stakeholders to brainstorm on measures needed to accelerate economic growth, which dipped to a six-year low of 5 per cent in the first quarter of 2019-20.