Sensex, Nifty fall as Reliance drags energy stocks lower; Paytm down

Benchmark market indices Sensex and Nifty fell sharply on Monday due to weakness in energy stocks.

Indian shares slipped on Monday as market heavyweight Reliance Industries led energy stocks lower and the return of COVID-19 restrictions in Europe weighed on investor sentiment.

The blue-chip NSE Nifty 50 index dropped 0.61% to 17,656.20, while the benchmark S&P BSE Sensex fell 0.65% to 59,250.74 by 9:27 am.