Sensex drops over 150 points; Nifty below 23,650

Indian benchmark equity indices pared their early gains and traded in the red on Thursday, dragged index heavyweights HDFC Bank, ITC and M&M, ahead of the RBI’s monetary policy decision later this week and trade war concerns.

The BSE Sensex was trading 157.33 points, or 0.20%, lower at 78,113.95….