Stock market bleeds: Sensex slumps nearly 2500 points; Nifty down 750 points
Benchmark stocks such as SBI, IndiGo, Maruti, Mahindra, aand Asian Paints were the biggest laggards on the Sensex in Monday morning trade
Benchmark stocks such as SBI, IndiGo, Maruti, Mahindra, aand Asian Paints were the biggest laggards on the Sensex in Monday morning trade
Benchmark stocks such as SBI, IndiGo, Maruti, Mahindra, aand Asian Paints were the biggest laggards on the Sensex in Monday morning trade
Benchmark stocks such as SBI, IndiGo, Maruti, Mahindra, aand Asian Paints were the biggest laggards on the Sensex in Monday morning trade
Indian stock market index Sensex opened in the red, and slumped to as low as 76,424.55 shortly after the opening bell on Monday after shedding as much as 2,494 points.
NSE benchmark Nifty 50 lost a little more than 752 points to as low as 23697.80 in the first hour of trading.
SBI, Interglobe Aviation (IndiGo), Maruti Suzuki, Mahindra and Asian Paints were the biggest losers in the 30-pack by 10.30 am. All constituents in the Sensex were in the red.
Around the same time, Coal India was the sole gainer in the Nifty 50 index.
Climbing crude oil prices, the recent LPG price hike, and the developing geopolitical headwinds put pressure on India as investors fear potential inflation in the near term. India is the third biggest importer of crude in the world.