The Sensex index is also trailing with a decline of close to 300 points, falling below the 83,700 mark.
As for the Nifty, last week's low of 25,711 will be the first important level to defend for the bulls.
Some of the biggest losers among the Nifty 500 stocks include Netweb Tech, Zensar Tech, Chennai Petroleum, Bluedart, and Patanjali, among others.
Around 200 major companies report results this week, possibly the penultimate one for this quarter's earnings season. Bharti Airtel, Titan, Tata Consumer are some of the important results today.
Watch this space for all the Live updates.
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