The BSE Sensex ended over 150 points lower on Monday on heavy selloff by foreign investors after industrial output growth data dropped to a 17-month low.

After a volatile session, the 30-share index settled 156.28 points, or 0.43%, down at 35,853.56, while the broader NSE Nifty fell 57.35 points, or 0.53%, to finish at 10,737.60.

The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64%.

On the other hand, Yes Bank was the biggest gainer on Sensex, rallying up to 6.22%, on reports that the lender had shortlisted its executive Rajat Monga and a CEO of a foreign bank to succeed long-serving Managing Director and Chief Executive Officer Rana Kapoor.

Infosys was also among the top gainers, rising 2.58%, after the company on Friday said it will buyback shares worth up to ₹8,260 crore and offer shareholders a special dividend of ₹4 per share as part of the company’s ₹13,000 crore-capital allocation policy.

Other gainers include, Sun Pharma, Bajaj Finance, Maruti and Tata Motors, rising up to 1.68%.

According to experts, overall investor sentiment was weak after the government on Friday released the industrial output growth numbers, which dropped to a 17-month low of 0.5% in November on account of contraction in manufacturing sector, particularly consumer and capital goods.

On a net basis, foreign portfolio investors (FPIs) sold shares worth ₹687.20 crore on Friday, while domestic institutional investors (DIIs) were net buyers to the tune of ₹123.17 crore, provisional data available with BSE showed.

On the macro front, the rupee depreciated 32 paise to 70.81 against the U.S. dollar.

Brent crude futures were trading 1.49% lower at $59.58 per barrel.

Elsewhere in Asia, Korea’s Kospi fell 0.53%, Shanghai Composite Index slipped 0.71%, and Hong Kong’s Hang Seng dropped 1.38%. While, Japan’s Nikkei jumped 0.97%.

In Europe, Frankfurt’s DAX was down 0.55%, Paris CAC 40 fell 0.77%, and London’s FTSE shed 0.73%.