MUMBAI (Reuters) - The BSE Sensex fell over 2 percent on Monday, with the Nifty retreated from a near 2-1/2 year high, as ITC slumped on profit-booking, while technology stocks such as Tata Consultancy fell on continued concerns about a U.S. immigration bill.
Weak Asian shares also weighed on sentiment. ITC Ltd fell over 5 percent, while Tata Consultancy Services Ltd lost 2.4 percent.
The BSE Sensex declined 2.12 percent as of 3:09 p.m., heading towards its biggest daily percentage fall since May 2012, and retreating after ending on Saturday at its highest close since late January 2013.
The Nifty fell 2 percent, retreating from its highest close since January 2011.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app