Sensex loses 400 points, Nifty down over 100 points

MUMBAI (Reuters) - The BSE Sensex slumped around 400 points and the Nifty fell over 100 points on Monday as the rupee dropped to record lows, while the benchmark 10-year government bond yield rose to 9 percent with the government's measures being seen as inadequate to halt the free-fall in the rupee.

Blue chips including ICICI Bank fell nearly 4 percent on fears that foreign investors may pare their holdings in Indian stocks as the rupee hits a record low.

The Nifty fell 2.1 percent while the Sensex lost 2 percent.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)