Equity indices slip further on weak sentiment

Equity benchmark indices opened lower on Monday with selling pressure on auto, banking, FMCG and realty shares.

At 11:10 am, the S&P BSE Sensex was down 182 points at 36,364 while the Nifty 50 was lower 72 points at 10,871.

At the National Stock Exchange, Dr Reddy Labs was trading 6 per cent lower, ONGC was down 4 per cent while Indiabulls Housing Finance and Adani Ports slipped 3.8 per cent each.

Meanwhile, Asian stock markets were trading mixed as investors awaited the outcome of a fresh round of trade talks between the United States and China later this week in Beijing.

China and Taiwan markets crawled up on hopes that US and Chinese officials will make progress on a wide-ranging of trade disputes that have weighed on the global economy.