The key Indian equity indices traded deep in the red on Monday morning with the BSE Sensex dropping around 1,100 points amid resurgent Covid cases across the country and concerns of localised lockdowns.

An across-the-board selloff was led by finance, banking, auto and metal stocks. Around 10 a.m., Sensex was trading at 48,488.66, lower by 1,102.66 points or 2.22 per cent from its previous close of 49,591.32.