Sensex sheds 450 pts, Nifty tests 19,250; Adani Ent down 3.5%

Equity markets were on the backfoot on Monday as weak global cues dent sentiment. The S&P BSE Sensex shed 242 points, or 0.37 per cent, to quote at 65,080 levels in early deals, while the Nifty50 index gave up 19,350-mark.

The indices, later, extended fall to drop 466 points (Sensex) and 152 points (Nifty50).

Adani Ports, Bajaj Finserv, Tata Motors, Hindalco, SBI, IndusInd Bank, LTIMindtree, Sun Pharma, Reliance Industries, and BPCL were the top laggards within the large-cap space, falling up to 3.4 per cent.

In the broader markets, the BSE MidCap and SmallCap indices, too, saw profit booking as they declined 1 per cent and 0.7 per cent, respectively.

Among sectors, the Nifty Metal fell 1.5 per cent, followed by the Nifty PSU bank and Auto indices (down 1 per cent each).