Indian markets continued to drop for the fourth day on Monday. At 9.25 a.m, the Sensex was trading down 134.31 points or 0.39% at 34,242.68 with 15 components falling. Meanwhile, the Nifty was trading lower by 35.50 points or 0.34% at 10,280.95 with 30 components falling.

Biggest losers in the 30-share index were Housing Development Finance Corporation (1.96%), Tata Steel (1.76%), Adani Ports and Special Economic Zone (1.71%), Wipro (1.49%), Larsen & Toubro (1.31%), and Bajaj Auto (1.05%).

On the other hand, Coal India (0.97%), State Bank Of India (0.91%), Cipla (0.90%), Maruti Suzuki India (0.82%), Kotak Mahindra Bank (0.73%), and Power Grid Corporation Of India (0.72%) were the major gainers in the Sensex.

Market breadth was negative with 480 advances against 693 declines.

Birla Sun Life Fixed Term Plan - Series IP - Regular Plan - Growth topped the value chart on the BSE with a turnover of Rs. 111.30 million. It was followed by Dabur India (Rs. 80.71 million), Reliance Industries (Rs. 66.34 million) and Hindustan Petroleum Corporation (Rs. 65.57 million).

The volume chart was led by Birla Sun Life Fixed Term Plan - Series IP - Regular Plan - Growth with trades of over 10.00 million shares. It was followed by Reliance Communications (0.84 million), Alok Industries (0.57 million) and Kwality (0.56 million).