Sensex Drops Over 900 Points From Day's High, Nifty Below 18,000
NDTV
Selling pressure was broad-based as fifteen of 19 sector gauges compiled by the BSE were trading lower led by the S&P BSE Realty index's over 3% fall.
The Indian equity benchmarks extended losses on Monday dragged down by selling pressure in heavyweights like Infosys, HDFC Bank, Kotak Mahindra Bank, Bharti Airtel, Asian Paints and Tata Consultancy Services. The Sensex fell as much as 942 points from the day's highest level and Nifty 50 index fell below its important psychological level of 18,000.
As of 10:03 am, the Sensex was down 299 points at 60,522 and Nifty 50 index declined 139 points to 17,976.
Meanwhile, Asian shares edged higher on Monday ahead of a week packed with major quarterly earnings announcements though news of trials of a property tax in China weighed on Hong Kong and mainland Chinese markets.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.26 per cent while Japan's Nikkei lost 1 per cent on softer earnings by several local companies.
