The stock markets crashed on Monday amid a global sell-off, fuelled by rising tensions in Ukraine, and soaring oil prices. The oil prices are currently at a 7-year high.
The Sensex tanked 1,747.08 points, or 3%, to close at 56,405.84, while Nifty fell 532 points to 16,842.80. About 574 shares advanced, 2,897 shares declined, and 108 shares were unchanged.
JSW Steel, HDFC Life, ITC, Tata Steel and Tata Motors were among the worst hit on Nifty.
All sectors ended in the red with auto, bank, oil & gas, PSU bank, pharma, FMCG, metal, realty and capital goods indices shed 2-6%. BSE Midcap and Smallcap indices fell 3-4%.
On the inflation front, the WPI inflation eased marginally to 12.96% in January from 13.56% in December.
Investors lost Rs 8.2 lakh crore in wealth as the market capitalisation of BSE-listed companies came down to Rs 255.7 lakh crore, exchange data showed.
Following their Asian peers the Indian Markets plunged Monday morning. The Sensex saw a deep cut of 2.2% at about 56890 on Sensex & 2.23% at about 16980 levels on the Nifty at 9:30 AM today. Nifty was trading below the 17000 mark.
On the Sensex-30 shares, barring TCS, all the other stocks were in the red zone, led by M&M, ICICI Bank, HDFC, SBI, L&T, Bajaj Finserv, IndusInd Bank, HDFC Bank and Tata Steel.
In the broader markets, the BSE MidCap and SmallCap indices were also deep in red, down 2.7 per cent and 3.15 per cent, respectively.
