Markets continue to fall amid weak global trends; Sensex tanks 365 points


Benchmark indices remained under pressure on Monday, with the Sensex plunging nearly 365 points after a sell-off in global markets and a fall in shares of index major Reliance Industries.

Unabated foreign capital outflows and the rupee hitting an all-time low also weighed on sentiment.

The 30-part BSE Sensex was down 364.91 points, or 0.67%, at 54,470.67. During the day, it fell 917.56 points, or 1.67%.

The NSE Nifty fell 109.40 points, or 0.67%, to end at 16,301.85.

Among the Sensex companies, the biggest laggards were Reliance Industries, Nestle, IndusInd Bank, Tech Mahindra, Tata Steel, State Bank of India, Hindustan Unilever and ITC.

PowerGrid, HCL Technologies, Infosys, Maruti and Bajaj Finserv were among the winners.

Elsewhere in Asia, markets in Tokyo and Seoul settled lower while Shanghai ended higher. Markets in Hong Kong were closed for a public holiday.

Stock markets in Europe were also lower in the afternoon session.

The US stock exchanges fell on Friday.

Meanwhile, international oil benchmark Brent crude fell 1.17% to 111% a barrel.

Foreign institutional investors sold shares worth 5,517.08 net crore on Friday, according to stock market data.

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