Mumbai: The BSE benchmark Sensex fell by 163 points in the early trade on Monday on fresh selling by funds amid a weak trend on other Asian bourses.

The 30-share barometer, which had gained 53 points in the previous two sessions, fell by 163.10 points, or 0.92 percent, to 17,473.89 points in the early trade.

The wide-based National Stock Exchange index Nifty declined by 48.25 points, or 0.90 percent, to 5,311.15 points.

Brokers said fresh selling by funds amid a weak trend on other Asian markets mainly influenced the trading sentiment.

All sectoral indices were trading in the negative zone up to 1.64 percent losses, which led to fall in the Sensex.

In the Asian region, the Hong Kong's Hang Seng index fell by 0.18 percent, while Japan's Nikkei was down by 0.21 percent higher in the early trade on Monday.

(Agencies)