The Indian equity indices staged a huge gap-down opening on Monday amid the ongoing Russia-Ukraine war, rising Crude prices and weak global cues.
Gold hit the key level of $2,000 per ounce as investors rushed towards safe-haven assets. Oil prices surged above the $130 mark to hit their highest since 2008.
At about 9:25 am, the benchmark BSE Sensex was trading 52,906, down 1,428 points or 2.63% while the broader NSE Nifty dived 398 points or 2.45 per cent to 15,847.
Mid-and small-cap shares were trading in the negative zone as Nifty Midcap 100 index slipped 2.62 per cent up and small-cap shares shed 2.41 per cent.
Nifty Auto and Nifty Bank were underperforming the index by falling as much as 4.38 per cent and 3.69 per cent, respectively, in early trade. However, Nifty Metal moved as much as 0.47 per cent higher.