Markets give up opening gains; Sensex falls over 180 points

New Delhi: Markets gave up its opening gains on Monday in a volatile trade with the Sensex and Nifty both closing down half a percent. Heavy sell-off in oil and gas was witnessed as crude again rose past USD 80 a barrel.

Falling for the third consecutive session, the BSE Sensex dropped 181.25 points or 0.53 percent to end at 34,134.38. It swung over 600 points, touching an intra-day high of 34,748.69 points and low of 34,082.76. The index had lost 847 points in the previous two sessions on liquidity concerns as well as weak global cues.

Similarly, Nifty fell 58.30 points or 0.57 percent to 10,245.25.

Meanwhile, foreign portfolio investors (FPIs) offloaded shares worth Rs 618.26 crore, while domestic institutional investors (DIIs) had net sold shares worth Rs 2.14 crore on Friday as per provisional data.

IndusInd Bank was the top drag on the index losing 8.52 percent, followed by Reliance Industries ending down 3.56 percent. Other major losers included Infosys (0.64 percent), Power Grid (0.66 percent), TCS (0.78 percent), M&M (1.15 percent), Tata steel (1.56 percent), Tata motors (2.43 percent), Kotak bank (2.75 percent), Asian paint (2.95 percent), ONGC (3.07 percent) and Yes bank (3.08 percent).