Sensex plunged 2,345.89 points or 2.97 per cent to 76,573.01, while the Nifty 50 dropped 708.75 points or 2.89 per cent to 23,741.70 in early trade on Monday.

All 30 Sensex stocks were trading lower, with Inter-Globe Aviation down nearly 8 per cent. Other major laggards included Tata Steel, Maruti, State Bank of India, Asian Paints, ICICI Bank, and Eternal. The market opened under heavy pressure, with the Nifty 50 starting at 23,868.05, down 582.40 points (-2.38 percent), and the Sensex at 77,056.75, down 1,862.15 points (-2.36 percent).