Sensex drops 300 points; Finance, auto stocks led the sell-off

Mumbai: Major Indian equity indices fell on Monday morning, hitting new highs last week following profit-booking by traders along with mixed cues from the Asian market.

Selling across the board was led by auto, finance and banking stocks.

At around 9.45 am, the Sensex was trading at 52,166.60, down 308.16 points or 0.59 per cent from its previous tally of 52,474.76.

It opened at 52,492.34 and touched a high of 52,542.66 and a low of 51,936.31.

Read also: Fuel Price Update: Petrol and diesel prices hiked in Bhubaneswar on Monday

On the National Stock Exchange, Nifty 50 was trading at 15,676.60, down 122.75 points or 0.78 per cent from its previous close.

Major losers in the Sensex so far were State Bank of India, HDFC and NTPC, while top gainers were Infosys, Tata Steel and Tata Consultancy Services.

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