Markets see volatile trade; Sensex slides 196 points

Equity market witnessed volatile trading in the morning session on Monday, with benchmark indices Sensex and Nifty shedding their marginal gains amid mixed cues from Asian markets.

Starting off the week on shaky note, the 30-share BSE Sensex declined 196.61 points or 0.32 per cent to 60,486.09 points while the NSE Nifty fell 38.50 points or 0.22 per cent to 17,818 points.

As many as 18 stocks in the Sensex were in the negative territory, with most of the IT shares, including Infosys, Tata Consultancy Services and Wipro slipping in the morning session.