Sensex declines 474 pts, Nifty falls below 17,000 level as IT, banking stocks retreat

Sensex declines 474 pts, Nifty falls below 17,000 level as IT, banking stocks retreat

Benchmark stock indices Sensex and Nifty declined by nearly 1 per cent in opening trade on Monday following selling in IT banking and auto stocks triggered by weak global trends.

The 30-share BSE Sensex fell 474.96 points or 0.82 per cent to 57,514.94 as 28 of its constituents traded in the red in early session.