Sensex down over 400 points; ITC falls 5 percent

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)