Nifty slips below 17200, Sensex dips over 1100 points; financial services, FMCG among top losers

Domestic equity markets declined nearly 2 per cent in the afternoon trade on Monday, a day before the re-scheduled Reserve Bank of India’s monetary Policy Committee meeting on Tuesday.

The broader Nifty50 touched the day’s low of 17,175.55 as the index declined nearly 2 per cent or over 300 points in the afternoon trade.

Financial services, FMCG and banking stocks declined the most as the related indices corrected between 1.5 to 2 per cent on Monday.

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