Major drop: Sensex down by 638.11 points and Nifty at 16,887.35

(G.N.S) Dt. 03 Mumbai On the first day of the week, market closes with a major drop, the Benchmark BSE Sensex tumbled 638.11 points or 1.11 per cent to settle at 56,788.81. During the day, it tanked 743.52 points or 1.29 per cent to 56,683.40. The broader NSE Nifty fell