Markets fall in initial trade dragged by Kotak Bank, trade deal uncertainty

Mumbai: Benchmark equity indices Sensex and Nifty declined in early deals on Monday dragged down by heavy selling pressure in Kotak Mahindra Bank and uncertainty related to the India-US trade deal.

Persistent foreign fund



outflows and weak trends in Asian markets also hit investors' sentiment.

The 30-share BSE Sensex dropped 369.58 points to 81,093.51 in early trade. The 50-share NSE Nifty declined 104.3 points to 24,732.70.