Sensex opens lower; Nifty below 16,650

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Equity benchmark Sensex plummeted over 1,000 points in early trade on Monday.

At 10:50 am, the 30-share index slumped 1,177.32 points to 55,834.42 in the opening trade. Similarly, the Nifty tanked 379 .85 points to 16,605.35.

Bajaj Finance was the top loser in the Sensex pack followed by Tata Steel, SBI, NTPC, M&M and HDFC Bank. On the other hand, Sun Pharma was the sole gainer.

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