Sensex tanks 503 points; Nifty drops below 17,400

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.

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