Sensex sinks 470 points on profit booking, metals dip

Equity benchmark indices closed one per cent lower on Monday as traders booked profits during second half of the session across all sectors.

The BSE SandP Sensex was down by 470 points or 0.96 per cent at 48,564 while the Nifty 50 slipped by 152 points or 1.06 per cent to 14,281.

All sectoral indices at the National Stock Exchange were in the red zone with Nifty metal dipping by 4 per cent, pharma by 2.7 per cent, PSU bank by 2.4 per cent and realty by 2 per cent.

Among stocks, Tata Motors was the top loser with a fall of 6 per cent to close at Rs 244.50 per share.

Tata Steel dropped by 5.8 per cent to Rs 665 per share while Hindalco and JSW Steel cracked by 4.2 per cent each.