The Indian market was trading lower on Monday after starting the trading session with minor gains amid mixed global trends and rise in crude oil prices. Sustained selling in bluechips such as Reliance Industries, Tata Consultancy Services, Hindustan Unilever, Infosys and HDFC dragged indexes.

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At 9.53 am, the Sensex fell over 210 points, or 0.59 percent, to 35,598. The Nifty declined 55 points, or 0.51 percent, to trade at 10,669.35.

The 30-share BSE index gained over 95 points, or 0.27 percent, to trade at 35,904.50 in the initial tick, while the broader 50-share NSE index added 27 points, or 0.25 percent, to trade at 10,751.70.

The Nifty MidCap index declined more than half a percent.

Among sectoral indexes, 26 advanced, led by power, pharma, capital goods, infra and realty sectors, while 17 declined led by auto, consumer durable and FMCG names.

Among shares, Dr Reddy's Labs, ONGC, NTPC, Tech Mahindra and Vedanta gained between 1-4 percent.

Dr Reddy's shares rebounded as the pharma firm said the US Food and Drug Administration lifted warning letter at company's Duvvada Unit-VII.

Shares of Dewan Housing Finance Ltd

(DHFL) jumped as much as 7.3 percent in early morning trade on reports that the company is in talks to sell a 10 percent stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

Yes Bank, Coal India, Tata Motors, Indiabulls Housing Finance and Grasim declined between 1 and 5 percent.

Yes Bank shares plunged over 6 percent after reports of the Reserve Bank of India reportedly considering to impose a penalty on the bank for breaching the confidentiality norms of its communications exchange.

Meanwhile, the rupee opened lower at 71.31 against the US dollar on Monday as oil prices firmed. The home currency had closed at 71.22 on Friday against the greenback.

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