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 - Gold And Silver Prices Continue To Rise, Gold Breaches 52 Thousand Rupees Mark

Nifty PSU Bank index and Nifty auto index fell the most among the 11 sectors. Also Read - Sensex Rises 433 Points To Close At 53,161, Nifty Above 15,800; IT, Metal Stocks Top Gainers

At 9.47 a.m., the Sensex was trading 421.89 points down at 39,091.50. Also Read - Sensex Rises Over 700 Points On Opening, Nifty Breaches 15,900; IT Stocks Up

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.