Domestic equity benchmark Sensex dropped over 100 points in early trade on Monday tracking tepid cues from global equities. After opening on a volatile note, the 30-share BSE index was trading 101.60 points or 0.26 per cent lower at 38,255.58; while the NSE Nifty slipped 25.80 points or 0.23 per cent at 11,308.05. M&M was the top loser in the Sensex pack, shedding around 2 per cent, followed by Bajaj Auto, Kotak Bank, HDFC Bank, HCL Tech, Bajaj Finance, Bharti Airtel, ITC and UltraTech Cement. On the other hand, Tata Steel, Maruti, Axis Bank, Asian Paints, Titan and Sun Pharma were among the gainers. In the previous session, Sensex ended 633.76 points or 1.63 per cent lower at 38,357.18, while Nifty plunged 193.60 points or 1.68 per cent to close at 11,333.85. -- PTI