Markets end lower, post biggest monthly drop since Nov 2011

REUTERS - India's stock markets ended nearly 0.5 percent lower on Monday as concerns about a deficient monsoon and weak rupee curtailed optimism around likely strong GDP data due later in the day. The benchmark BSE Sensex closed 0.41 percent lower, while the broader Nifty fell 0.38 percent. The BSE Sensex lost 6.51 percent in August and the Nifty shed 6.58 percent, their worst monthly performance since November 2011. (Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu)