New Delhi:
Sensex Today | Nifty 50, Share Market Live Updates: Indian benchmark indices fell down sharply at the opening on Monday, mirroring the weakness in global markets due to the ongoing Iran war. While the Nifty dropped below the psychologically important 24,000-mark, Sensex tanked over 2,000 points.
Sector-wise, the Nifty PSU Bank was the biggest laggard with over 4 per cent loss at open. The Nifty Bank and the Nifty Financial Services also underperformed. Broader markets fell in line with the benchmark indices. Both the Nifty MidCap and the Nifty SmallCap were trading 2.67 per cent down, each.
The GIFT Nifty, an early indicator of Nifty 50’s performance in India, also slumped 2.3% to 23,761.50. Notably, the stock market rout comes after oil prices surged above $105 per barrel on Monday.
Earlier, Asian markets also tumbled on Monday with Japan’s Nikkei 225 falling 6.05%, slipping below 53,000, and South Korea’s Kospi dropping 6.5%. Meanwhile, Australia’s ASX 200 was down 3.68% in early trade.
On Friday as well, the 30-stock index had fallen over 1,000 points and the 50-share index settled near 24,450.
