Benchmark indices BSE Sensex and NSE Nifty 50 opened lower on Monday amid weak global cues. The Sensex was down 1,197.86 points or 2.06% at 56955.06, and the Nifty was down 348.00 points or 2.00% at 17026.80. M&M, SBI, ITC, L&T and ICICI Bank were among major losers on the Nifty, while gainers were ONGC and TCS. All the sectoral indices are trading in the red with auto, bank ,FMCG, metal, power, realty and capital goods indices down 2-3 per cent. In the broader markets, the BSE MidCap and SmallCap indices were deep in red, down 2.7 per cent and 3.15 per cent, respectively.