Sensex Falls By Roughly 929 Points Owing To Concerns Over Middle East War And Sluggish Global Trends

Equity benchmark indices fell sharply in early trade on Monday, with the Sensex down 929.74 points, owing to the ongoing turmoil in the Middle East and dismal global markets.

Foreign capital outflows and hotter-than-expected US inflation figures also weighed on the markets.

The 30-share BSE Sensex plunged 929.74 points to 73,315.16, extending its losses from the previous day. The NSE Nifty plummeted 216.9 points to 22,302.50.

Jio Financial Serv., Interglobe Aviation, IRFC, ICICI Lombard, Adani Green Energy, Adani Energy Solut. and Bajaj Holdings were the top laggards.

Among the gainers were ONGC, Hundalco, Vedanta, GAIL (India), and Adani Power.

In Asian markets, Seoul, Tokyo, and Hong Kong were all down, while Shanghai was up.

Wall Street closed considerably down on Friday.

Brent crude lost 0.17 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 sank 793.25 points or 1.06 percent to 74,244.90, while the NSE Nifty slipped 234.40 points or 1.03 percent to 22,519.40.

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