Equity benchmark Sensex slumped over 350 points in early trade on Monday, tracking losses in index majors Tata Steel, HDFC twins and ICICI Bank amid thin trade in global markets.

The 30-share Sensex was trading 355.27 points or 0.60 per cent lower at 58,660.62.

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Similarly, Nifty fell 108.50 points or 0.62 per cent to 17,476.65 in initial deals.

Tata Steel was the top loser in the Sensex pack, sinking nearly 6 per cent, followed by Bajaj Auto, M&M, HDFC, PowerGrid and Maruti. On the other hand, Tech Mahindra, HUL, HCL Tech and TCS were among the gainers.