Sensex falls over 360 points, Nifty slips below 10,700

New Delhi: Heavy selling pressure in banking, automobile, healthcare and consumer durables stocks pulled the Indian equity market lower by over 1 percent in the closing trade on Monday.

The BSE Sensex tanked 368.84 points or 1.02 percent to 35,656.70 while the NSE Nifty fell 119.00 points or 1.10 percent to 10,661.55.

The Sensex touched an intra-day high of 36,124.26 and low of 35,565.15 while, the Nifty touched a high of 10,804.45 during the day and fell to a low of 10,630.95.

Among the Sensex losers, Yes Bank tumbled 5.46 percent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 percent, IndusInd Bank 3.10 percent and HeromotoCorp 2.55 percent.

The BSE Sensex had Friday lost 169 points. In the last two sessions, it has lost 537 points.

Other losers on the Sensex were -- Sun Pharma, Bajaj Auto, Vedanta, Axis Bank, ITC, Tata Steel, HDFC, Mahindra and Mahindra, Reliance, SBI, Tata Motors, Baharti Airtel, HUL, HDFC Bank, Kotak Bank, Infosys, ONGC and Maruti.

Bucking the trend, TCS emerged as the biggest gainer with 1.71 percent gain on the Sensex. Other winners were Coal India, Larsen and Toubro, PowerGrid, Asian Paint, HCL Tech and NTPC -- rising up to 1.51 percent.    

With PTI Inputs