India's benchmark stock market index, Sensex plunged 200 points in early morning trading on Wednesday, as disappointing economic data from China darkened the mood and erased early gains in US stock futures.

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Weak auto sales number and lower goods and services tax collections for December also weighed on the sentiment.

The Sensex plunged by more than 211 points, or 0.58 percent, to trade at 36,043 in early trade, while the Nifty declined by more than 59 points, or 0.55 percent, to trade at 10,850.

The Nifty MidCap slipped by 0.43 percent, while the Bank Nifty fell 0.58 percent. BSE Metal was trading lower by 1.32 percent, being the weakest among 38 declining sectors. BSE Auto dipped 1.17 percent. BSE IT, Teck, Realty and Consumer Durables were among the 5 gaining sectors.

Shares of Eicher Motors dropped over 5 percent after its motorcycle sales in December declined 13 percent on-year to 58,278 units.

Shares of Tata Motors and Mahindra & Mahindra also dipped as lower sales for December weighed down sentiment.

JSW Steel, Hindalco and Tata Steel slipped 2.7 percent, 2.24 percent and 2.14 percent, respectively.

Among the index gainers, shares of Bharti Infratel, Wipro, Tech Mahindra, Tata Consultancy Services and Infosys surged between 0.64 percent and 1.24 percent.

In currency market, the Indian rupee opened 20 paise lower against the US dollar at 69.63, down from its Tuesday's close of 69.43.

Asian markets traded lower with Hong Kong's Hang Seng dipping 2.46 percent at 9.38 am IST. South Korea's Kospi was lower by 1.23 percent. Japanese markets are closed on account of New Year holidays.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December fell to 49.7, from 50.2 in November, and followed a raft of soft trade data from the Asian region.

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