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The S&P BSE Sensex slips over 200 points in trade on Monday following muted trend seen in other Asian markets. The fall in the index was led by losses in RIL, ICICI Bank, HDFC, Axis Bank, and SBI.
The 50-share Nifty index slipped below its crucial psychological level of 7,950, and was trading near its crucial support level of 7,900, weighed down by losses in metal, realty, consumer durable, and FMCG stocks.
India's market watchdog has started a probe into auto parts maker Castex Technologies CASE.NS, after investors alleged
it manipulated its stock to trigger the conversion of bonds into equity, a source with direct knowledge of the matter.
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