Indices end winning run as global tensions, profit-booking take toll

The benchmark indices dropped 1.3 per cent on Monday — mirroring weakness in the global markets — after investors booked profits judging recent gains as excessive. Most global indices also traded weak as investors assessed the potential fallout of an impeachment inquiry of US President Donald Trump.  

The Sensex ended 504 points, or 1.3 per cent, lower at 38,594, while the Nifty declined 148 points, or 1.3 per cent, to close at 11,440. In the previous three sessions, the two had surged more than 8 per cent, buoyed by the reduction in corporation tax rates. Market players said some investors were