Sensex, Nifty witness biggest fall in 7 months; RIL, Paytm slump sharply

Benchmark market indices Sensex and Nifty ended lower as Reliance Industries Limited stock declined sharply. Paytm shares also fell over 12 per cent.

Indian shares declined their most in seven months on Monday, dragged by heavyweight Reliance Industries, with losses in financial, auto and oil and gas shares pulling indexes further.

The blue-chip NSE Nifty 50 index ended down 1.96% at 17,416.55, while the benchmark S&P BSE Sensex declined 1.96% to 58,465.89. Both indexes hit their lowest levels since Sept. 13.