Closing bell: Sensex declines by 616.75 points, Nifty dips below 22,350

NEW DELHI: Equity benchmark indices, Sensex and Nifty closed lower on Monday. Sensex fell by 616.75 points, or 0.83%, to 73,502.64, while Nifty lost 177.8 points, or 0.79%, to 22,315.75, weighed by a drop in mainly banking sector.
The top losers on Nifty trade were Tata Consumer Products, Power Grid Corporation, Tata Steel, Bajaj Auto, and SBI.
Apollo Hospitals, Cipla, and SBI Life Insurance were among the gainers.
Indian Indices declined in early trade on Monday after rallying in the past two straight sessions amid weak trends from the US markets and selling in banking stocks.
Sensex went lower by 204.64 points to 73,914.75, while Nifty slipped 49.15 points to 22,444.40 after a record-breaking rally, in the opening session.
(With inputs from agencies)

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