Sensex drops 400pts; banks, metals bleed

 The market was rife with rumors that FIIs had sold Nifty and stocks futures worth Rs 2,000 crore today.  The December series of Nifty was sold heavily in the market with Nifty open interest increasing further by 44.85 lakh shares to 32.57 million shares. The December Nifty clocked a turnover of Rs 16,226 crore, up 16% from the Friday level. (Click here to read the complete story)

Read Earlier Analysis: Selling interest opens up on bourses