The Sensex dropped nearly 942 points, marking a three-month low, while the Nifty slipped over 1% to close below the 24,000 mark on Monday, with the fall largely attributed to significant selling in Reliance Industries and major banking stocks, according to PTI.

The BSE Sensex, comprising 30 shares, plummeted 941.88 points, or 1.18%, to settle at 78,782.24, the lowest level seen since August 6. During the trading session, it had dropped as much as 1,491.52 points, or 1.87%, reaching 78,232.60. Meanwhile, the NSE Nifty declined by 309 points, or 1.27%, ending the day at 23,995.35.