The S&P BSE Sensex slipped as much as 345 points in trade on Monday following muted trend seen in other Asian markets. The fall in the index was led by losses in TCSBSE -1.46 %, ICICI BankBSE -2.30 %, HDFC BankBSE -1.77 % and Axis BankBSE -2.47 %.
Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological level of 8850, weighed down by losses in banks, autos, capital goods and power stocks.
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