Sensex And Nifty Plunge More Than 1% Owing To Concerns Over Middle East War, Gloomy Global Trends

Stock markets fell sharply on Monday, with the benchmark Sensex and Nifty dropping more than 1 percent as growing turmoil in the Middle East and dismal trends from global markets alarmed investors.

The 30-share BSE Sensex slipped 845.12 points or 1.14 percent, in the second session to 73,399.78. During the day, it dropped 929.74 points or 1.25 per to 73,315.16.

The NSE Nifty sank 246.90 points or 1.10 percent to 22,272.50.

Jio Financial Serv., Adani Green Energy, IRFC, Pidilite Industries, United Spirits, Shriram Finance, and SRF were the top laggards.

Among the gainers were ONGC, Hundalco, GAIL (India), Maruti Suzuki, and Nestle India.

In Asian markets, Seoul, Tokyo, and Hong Kong closed lower, while Shanghai closed higher.

Today, European markets were trading on a mixed note.

Wall Street closed considerably down on Friday.

Brent crude lost 1.04 percent to USD 90.30 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 8,027 crore on Friday.

On Friday, the Sensex tanked 793.25 points or 1.06 percent to 74,244.90, while the NSE Nifty plunged 234.40 points or 1.03 percent to 22,519.40.

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