New Delhi, India (BBN)-Indian equity markets struggled on Monday, tracking weakness in global markets.
The Sensex fell as much as 130 points to 26,639 and the 50-shares Nifty fell below the key 8,100 mark.
Sentiment continued to remain weak, with foreign investors continuing to sell Indian equities. On Friday, they had sold shares worth Rs 550 crore in the cash market.
Tata Motors was the top loser in Nifty, falling around 2.7 per cent followed by IndusInd Bank, which was down 2.85 per cent. Bank of Baroda, Cairn India and Cipla were the other big losers in the Nifty.
Coal India was the top gainer in the Nifty, up 2 per cent. The company had reported nearly 12 per cent increase in its coal production for the month of April and May.
Sun TV fell as much as 28 per cent after the Home Ministry reportedly declined security clearances for renewal of licences of all its 33 TV channels.
As of 9.36 am, Sensex traded 123 points lower at 26,645 and the 50-share Nifty fell 39 points to trade at 8,076.