Indian stock markets opened in red on Monday tracking global peers. At 9:30 am, the Sensex was 370 points down and the Nifty fell 1.56% to 8,125. IndusInd Bank, Kotak Bank, Hero Moto, Titan and BPCL were the top losers. While, Cipla, ONGC, Sun Pharma, Power Grid and Bajaj Finance were the top five gainers. The Indian rupee was trading 38 paise high against the US dollar.