Mumbai: Sensex plummeted by over 219 points in opening trade on Monday on fresh selling by foreign funds and retail investors, taking cues from weak Asian markets.

The Bombay Stock Exchange barometer, which gained nearly 240 points in the previous two sessions, suddenly fell sharply by 219.10 points, or 1.19 percent, to 18,106.99 in the first few minutes of trade on Monday.

Stocks of metals, banking, IT, auto and realty companies were under pressure, dragging down the Sensex.

Similarly, the wide-based National Stock Exchange Nifty index slid by 69.35 points, or 1.26 percent, to 5,417.

According to market experts, the trading sentiment turned bearish amid a subdued trend on other Asian bourses and profit-booking by speculators after two sessions of gains.

In the Asian region, Hong Kong's Hang Seng index shed 1.73 percent and Japan's Nikkei was trading 1.34 percent down on Monday morning. In the US, the Dow Jones Industrial Average ended 0.74 percent lower in the previous session on Friday.

(Agencies)