Sensex inches down; ITC slumps to lowest in about 10 months

MUMBAI (Reuters) - The BSE Sensex edged down on Monday to close at its lowest in nearly 2-1/2 weeks as index heavyweight ITC slumped on tax hike worries.

ITC provisionally fell 5.4 percent, marking its biggest single day fall since September 2013, while Kotak Mahindra Bank ended 4 percent down.

The benchmark BSE Sensex provisionally closed 0.3 percent lower, while the broader Nifty lost 0.24 percent, falling for a fourth consecutive session to mark their lowest close since June 5.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)