MARKETS LIVE: Sensex, Nifty trade lower; RIL, bank stocks top drags

Benchmark indices opened Monday's trading session lower, dragged down by Reliance Industries and bank stocks.

The benchmark S&P BSE Sensex dipped 290 points, or 0.73 per cent, to 39,452, with Vedanta, Tata Steel, Tata Motors, Reliance Industries, and IndusInd Bank among the top losers. The broader Nifty50 index was down 40 points, or 0.34 per cent, to 11,783.

All the Nifty sectoral indices except Nifty IT and Nifty Pharma were trading in the red, with Nifty Metal, down 1.4 per cent, taking the deepest cut.

In the broader market, the S&P BSE MidCap index was trading at 14,657, down 63 points or 0.43 per cent, while the S&P BSE SmallCap was down 49 points, or 0.34 per cent, at 14,317.

The Rupee opened flat vs Friday's close of 69.80/$.