Markets continue to slump amid weak global trends; Sensex tanks 365 points
Zee News
Unabated foreign fund outflows and rupee hitting an all-time low also weighed on sentiment.
Mumbai: Benchmark indices continued to remain under pressure on Monday, with the Sensex tumbling nearly 365 points following a sell-off in global markets and decline in shares of index major Reliance Industries.
Unabated foreign fund outflows and rupee hitting an all-time low also weighed on sentiment.
The 30-share BSE Sensex settled 364.91 points or 0.67 per cent lower at 54,470.67. During the day, it tanked 917.56 points or 1.67 per cent to 53,918.02.
The NSE Nifty fell 109.40 points or 0.67 per cent to end at 16,301.85.
Among the Sensex firms, Reliance Industries, Nestle, IndusInd Bank, Tech Mahindra, Tata Steel, State Bank of India, Hindustan Unilever and ITC were the major laggards.
