Indian benchmark indices fell on Monday after US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz until Tuesday, 8:00 pm EST (Wednesday, 5:30 am IST). The BSE Sensex dropped 502.85 points to 72,816.70, while Nifty fell 132.55 points to 22,580.55 at 9:54 am. Reliance Industries and Sun Pharmaceutical Industries were among the top losers.