Markets fall over 1 per cent on weak global cues
India Today
Sensex tanked 1.46 per cent and NSE Nifty fell 246 points on Monday in sync with a weak global market.
Benchmark indices fell over one per cent each on Monday in sync with weak global markets and a sharp fall in IT stocks.
The BSE benchmark Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47. Similarly, the NSE Nifty fell 246 points or 1.4 per cent to 17,312.90.
Tech Mahindra was the biggest loser in the Sensex pack, shedding 4.57 per cent, followed by Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Kotak Mahindra Bank, Tata Steel, Axis Bank, ICICI Bank and State Bank of India.
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On the other hand, Maruti, Nestle, Asian Paints, ITC, M&M and Hindustan Unilever were among the gainers.
Elsewhere in Asia, markets in Seoul, Tokyo, and Hong Kong settled lower, while Shanghai ended marginally higher.
Stock markets in Europe were trading lower during mid-session deals. The US markets had ended significantly lower on Friday.
