Mumbai: The BSE benchmark Sensex lost over 37 points in opening trade on Monday as funds and retail investors  adopted a cautious wait-and-watch strategy in the absence of positive cues.

The 30-share barometer, which fell by 56.28 points in the previous session, moved down further by 37.42 points, or 0.20 percent, to 18,524.50 within the first few minutes of trade, with oil and gas, realty, banking and capital goods stocks coming under pressure.

Similarly, the wide-based National Stock Exchange Nifty index declined by 15.50 points, or 0.28 percent, to 5,565.60.

Brokers said the cautious approach adopted by participants ahead of Q1 earnings numbers from some more companies and the absence of any positive cues from global markets mainly led to the fall in the market.

In other markets in Asia, Hong Kong's Hang Seng index was trading 0.07 percent higher, while Japanese financial markets are closed for a public holiday.

(Agencies)