Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.

Market Update Weakness in the Indian market has continued through the opening session, with the Nifty still hovering around 11,400. The Sensex is down over 300 points.

Global markets are reacting to escalating trade war tensions, while weak rupee and lack of a positive reaction to government measures to address the currency issues are all dragging indices lower.

The Sensex is down 338.15 points or 0.89% at 37752.49, and the Nifty down 94.90 points or 0.82% at 11420.30. The market breadth is negative as 882 shares advanced, against a decline of 1,110 shares, while 137 shares are unchanged.

Wipro, Sun Pharmaceuticals, and Tech Mahindra are the top gainers, while HDFC, SBI, and Titan have lost the most.

The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.

Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.

source: moneycontrol.com