Sensex Drops 130 Points On Global Cues; Nifty Ends At 9127

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( - Indian shares followed Asian and European peers lower on Monday as oil futures extended losses on supply concerns and investors awaited a raft of speeches by Federal Reserve officials this week for clues about the global interest rate outlook.

Investors were also disappointed by the outcome of the G20 summit over the weekend in Germany on trade and climate change.

The benchmark 30-share BSE Sensex ended the session down 130 points or 0.44 percent at 29,518.74.

ICICI Bank also dropped 2 percent, Axis Bank tumbled 3 percent and Idea Cellular plunged as much as 10 percent.

Meanwhile, the Union Cabinet today cleared four supporting GST legislations - the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST) - paving the way for their introduction in Parliament soon.

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Referenced Symbols: 532215 , 532822 , IBN , INFY

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