Sensex tanks 503 points; Nifty drops below 17,400

The 30-share index slumped 503.25 points or 0.86 per cent to settle at 58,283.42. Similarly, the NSE Nifty fell 143.05 points or 0.82 per cent to 17,368.25.

Mumbai: Equity benchmark Sensex tumbled 503 points on Monday, weighed by losses in index majors Reliance Industries, HDFC and Bajaj Finance amid a mixed trend in global markets.

The 30-share index slumped 503.25 points or 0.86 per cent to settle at 58,283.42. Similarly, the NSE Nifty fell 143.05 points or 0.82 per cent to 17,368.25.

Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI.