The BSE Sensex continued to plummet on Monday, dipping over 400 points, while the Nifty also dropped below the key psychological level of 5,900.
At 1:55 p.m.; the 30-share index was at 19872.03, down 391.68 points or 1.93 per cent. It touched a high of 20199.81 and a low of 19857.67 in trade today.
The Nifty was at 5885.00, down 127.10 points or 2.11 per cent. The index touched intraday high of 5,989.40 and a low of 5880.80.
The drop has been attributed to stock brokers faced with selling pressure in the wake of the Reserve Bank of India hiking the repo rate to stop inflation in its tracks.
The Nifty is also likely to take a hit with trade expected to be volatile in the last week of this month.
