Mumbai: The BSE benchmark index Sensex on Monday declined nearly 106 points in early trade as the investor sentiment continued to be weak on the Union Budget failing to bring cheer to markets.

The 30-share barometer, which had lost over 453 points in last two trading days, moved down further by 105.92 points, or 0.61 percent, to 17,360.28 in early trade.

The Reserve Bank's no rate cut stance in the monetary policy review last week also weighed down on the investor sentiment, but a slightly better trend on the other Asian bourses capped the losses.

On similar lines, the broad-based National Stock Exchange index Nifty declined by 30 points, or 0.56 percent, to 5,287.90.

Stocks of capital goods, PSUs, metal and oil and gas sectors remained under pressure, pulling down the Sensex.

In the Asia region, Hong Kong's Hang Seng index was up by 0.11 percent and Japan's Nikkei index gained 0.33 percent in early trade on Monday.