Nifty 50 reaches to lowest in 8 months; Market falls for fifth session in a row

Benchmark indices on Monday extended their fall for a fifth session in a row, taking the Nifty 50 to the lowest level in the last eight months.

- STATESMAN NEWS SERVICE

The fall was led by selling in IT, Realty and Telecom shares.

At close, Sensex was down 856.65 points or 1.14 per cent at 74,454.41, and the Nifty was down 242.55 points or 1.06 per cent at 22,553.35. Nifty Mid and Smallcap indices shed 1 per cent each.

During the day, Nifty reached a high of 22,668.05 and a low of 22,548.35 while the Sensex exhibited a trading range between 74,901.66 and 74,503.09.

On Nifty, top gainers were Mahindra & Mahindra by 1.49 per cent, followed by Dr Reddy's Laboratories with a gain of 1.12 per cent, Hero Motocorp (0.94 per cent), Eicher Motors (0.85 per cent), and Kotak Mahindra Bank (0.69 per cent).