Domestic stock markets started the week on a lower note amid cautious trade on Monday.
After opening higher for the day, the Sensex shed as much as239 points to hit35,569 in early trade.
The Nifty declined as much as 71points to touch10,653.
Losses in auto and information technology stocks dragged the markets lower however some advances in metal stocks kept the downside in check.At 10:15 am, the Sensex traded down161 points at 35,647 while the Nifty was at 10,673, down 51 points from the previous close.Top laggards on the Nifty at the time wereYes Bank, Bajaj Auto, Grasim Industries, TCS and Hindustan Petroleum, trading between 1.6 per cent and 2 per cent lower.Yes Bank shares dived as much as 8.2 per cent to hit an intraday low of Rs201 apiece on the National Stock Exchange, compared with its previous close of Rs 219.News agency IANS reported on Sunday that the Reserve Bank of India may impose a monetary penalty on Yes Bank for breaching confidentiality norms.Equities in other Asian markets bounced broadly as investors dared to hope for both progress at China-US trade talks in Washington this week and more policy stimulus from major central banks.MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent, recovering from a sharp fall last Friday.Japan's Nikkei climbed 1.8 per cent to its highest level of the year so far, while Australia's main index rose 0.7 per cent.(With agency inputs)