The benchmark BSE Sensex fell 105 points to scale a low of 35,584.24 points on heavy selling pressure. The NSE Nifty50 slipped 33 points to 10,788.30. On the BSE, Tata Motors plunged 4%. ICICI Bank, Hero MotoCorp, Power Grid, NTPC, Coal India, ITC, ONGC, SBI shares traded in the red.
Shares of Aditya Birla Group’s telecom company Idea Cellular Ltd plunged more than 7% to a one-month low in the late morning deals on Monday on news reports of its merger with Vodafone India “may not meet expected June 30 timeline”. Shares of PNB Housing Finance climbed over 12%, their biggest intraday percentage gain since January 2017.