It was a bad start to the week on Monday with Sensex falling nearly 400 points to close way below 17000 mark.
Mumbai: It was a bad start to the week on Monday with Sensex falling nearly 400 points to close way below its psychological 17000 mark. It was weighed down by banks, capital goods and metals sectors; index heavyweights Reliance and Bharti too added pressure on the market.
The BSE benchmark fell 370.68 points or 2.15 per cent, to close at 16,863.30, witnessing a biggest fall since December 8, 2011.
The NSE benchmark too ended below the 5100 mark, which dropped 117.40 points or 2.26 per cent to 5,087.30.
Reasons behind Monday's sell-off were weak global cues ahead of European Union Summit and profit booking after stellar performance in last four weeks by rising 1500 points on the Sensex.
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