Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) crashed nearly 2 per cent on Monday amid geopolitical tensions in the oil-producing region of West Asia involving Iran and the US.
The S&P BSE Sensex cracked 787.98 points or 1.90 per cent to settle at 40,676.63. During the day the 30-share benchmark index fell as much as 850.65 points to touch an intraday low of 40,613.96.
HDFC twins, which comprise of HDFC Bank and HDFC and oil-to-telecom heavyweight Reliance Industries (RIL) were the biggest contributors to Sensex’s fall on Monday.
On the other hand, the broader Nifty 50 fell 233.60 points or 1.91 per cent to end the day below the 12,000-mark at 11,993.05. The 50-share index fell to an intraday low of 11,974.20 during the trade, down 252.45 points from Friday.
All the sectoral indices on NSE ended in a sea of red on Monday, with Nifty PSU Bank index being the top loser of the day. The index fell 4.34 per cent dragged by Canara Bank, Punjab National Bank (PNB), Bank of Baroda and State Bank of India (SBI).
Apart from PSU bank index, the Nifty Metal, Nifty Bank, Nifty Financial Services, Nifty Media, Nifty Private Bank, Nifty Realty and Nifty Auto fell in the range of 2.32-2.90 per cent on Monday.
The broader market indices underperformed their benchmark peer on Monday. The S&P BSE MidCap settled at 14,765.85, down 348.70 points or 2.31 per cent, while the S&P BSE SmallCap index ended at 13,715.18, down 273.71 points or 1.96 per cent.
(with inputs from agencies)