India's benchmark indices Sensex and Nifty closed 3% lower on Monday after most Asian markets witnessed wipeouts similar to 1987's Black Monday. Sensex ended 2,226 points lower at nearly 73,130 while Nifty closed over 700 points lower below 22,200. Trent, Tata Steel, Larsen and Toubro, JSW Steel, Hindalco Industries and Tata Motors were biggest losers on both Sensex and Nifty.