Mumbai: The Sensex and Nifty lost over 1 per cent during the early trade on Monday following the tabling of the Union Budget on Friday. Also Read - Sensex Falls By 1,300 Points; Banking, Auto Stocks Plunge

Nifty PSU Bank index and Nifty auto index fell the most among the 11 sectors. Also Read - Sensex Falls 440 Points To 50,406; Nifty Slips Below Key 15,000 Level

At 9.47 a.m., the Sensex was trading 421.89 points down at 39,091.50. Also Read - Sensex Dives 726 Points, Slips Below 51,000-Level; Nifty Down By 197 Points

It opened at 39,476.38 from its Friday’s close of 39,513.39 when the markets fell after the Budget failed to cheer the investors.

The Nifty was down by 116.65 points at 11,694.50.