Sensex ends 333 points lower as FMCG shares drop; Nifty below 11,600

The benchmark Sensex tumbled 333 points, or 0.9 per cent, on Monday — its biggest drop in a month — following a sharp sell-off in Hindustan Unilever (HUL) and ITC. 

The 30-share index closed at 38,312, while the Nifty 50 closed at 11,582.35, down 98 points or 0.84 per cent. In the previous trading session, the indices clocked their sixth straight week of gains, during which they rallied six per cent.

Shares of HUL dropped 4.6 per cent, the most since October 27, 2014, as investors rushed to book profits following sharp gains this year. The stock has rallied 38 per cent