Bombay stocks dropped 1% Monday as financial stocks sold off.
The BSE Sensex index slid 115 points to close at 11,915. The Sensex surged 7% last week and broke 12,000 for the first time.
( SAY), which slipped 4.3%,
, down 3.7%, and
, down 3.3%.
Larsen & Toubro
rose 1.9%, tobacco company
rose 1.5% and oil company
rose 2% after a sharp profit jump. Information company
advanced 1% despite a profit slide.
added 5.6% on reports that it received a tentative Food and Drug Administration approval for Simvastatin tablets.
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