Sensex drops in early trade; Nifty nears 13,750

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Equity benchmark Sensex dropped on Monday, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries.

At 10:09 am, the 30-share BSE was trading 17.23 points lower at 46,943.46.

Similarly, the broader NSE Nifty slipped 9.05 points to 13,751.50.

M&M was the top laggard in the Sensex pack followed by ICICI Bank, PowerGrid, Axis Bank, SBI, ONGC and IndusInd Bank.

On the other hand, L&T, Reliance Industries, Sun Pharma, Infosys and HCL Tech were among the gainers.

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