Mumbai: Equity benchmark indices fell in early trade on Monday as investors opted to book profits after the recent record rally in equities.

Mixed signals from Asian markets also led to a bearish trend in domestic stock markets.

After a weak start to trading, the 30-share BSE Sensex fell 204.39 points to 79,792.21. NSE Nifty fell 40.75 points to 24,283.10.

Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards in the Sensex pack.

Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers.

In Asian markets, Shanghai and Hong Kong were trading lower while Seoul and Tokyo were in the green.

American markets closed with gains on Friday.

In a volatile session on Friday, the broader NSE Nifty continued its record-breaking performance and closed at its lifetime high of 24,323.85, up 21.70 points or 0.09 per cent. However, the BSE benchmark fell 53.07 points or 0.07 per cent to 79,996.60.

Global oil benchmark Brent crude fell 0.09 percent to US$86.46 per barrel.

According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday.