Sensex tumbles over 100 points in early trade; Nifty drops below 17,900
The Hindu
IndusInd Bank was the top loser in the Sensex pack
Equity benchmark Sensex dropped over 100 points in early trade on Monday tracking losses in index majors Reliance Industries, IndusInd Bank and HDFC amid a largely negative trend in Asian markets.
After opening on a positive note, the 30-share index turned negative to trade 130.18 points or 0.22% lower at 59,937.44 in initial deals. Similarly, the Nifty fell 25.80 points or 0.14% to 17,891.
IndusInd Bank was the top loser in the Sensex pack, tanking around 9%, after the lender admitted to have disbursed 84,000 loans without customer consent in May owing to a "technical glitch".
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