The BSE benchmark Sensex dropped by another 168 points in morning trade today on sustained selling pressure from operators mainly in realty, banking, auto, metal and oil&gas sectors.
However, disappointing IIP numbers released after market hours on Friday, limited the gain.
The 30-share index Sensex resumed higher at 22,698.09 points and firmed up further to 22,737.31 on good buying support from investors.
However, it declined immediately to 22,419.51 before quoting at 22,461 points at 1010 hours.
It showed a loss of 167.96 points or 0.74 per cent from its last weekend's close.
The NSE 50-share Nifty also declined by 51.10 points, or 0.75 per cent, to 6,725.20 at 1010 hours.
Major losers were - HDFC (fell by 2.80 pct), HDFC Bank 2.22 pct, HUL 2.12 pct, Hindalco 2.10 pct, Hero MotoCorp 2.05 pct, Sun Pharma 1.81 pct, ITC 1.71 pct and M&M 1.68 pct.
However, Infosys rose by 3.51 pct, Bharti Airtel 1.71 pct, Wipro 1.65 pct and TCS 1.60 pct.
Among other Asian markets, Japan's Nikkei gained 1.14 per cent while Hong Kong's Hang Seng shed 0.14 per cent in morning trade today.
The US Dow Jones Industrial Average ended 0.91 per cent higher in yesterday's trade.
