Markets in free fall; Sensex, Nifty tumble nearly 2 per cent

The 30-share BSE Sensex tanked 953.70 points or 1.64 per cent to settle at 57,145.22. Meanwhile, he NSE Nifty fell 311.05 points to end at 17,016.30.

Benchmark indices fell sharply on Monday, with the Sensex and Nifty tumbling nearly 2 per cent each amid weak global market trends and foreign fund outflows.

Falling for the fourth straight day, the 30-share BSE Sensex tanked 953.70 points or 1.64 per cent to settle at 57,145.22. During the day, it plummeted 1,060.68 points or 1.82 per cent to 57,038.24.

The NSE Nifty fell 311.05 points or 1.80 per cent to end at 17,016.30.