The Sensex fell 1,832.27 points, or 2.2 percent, reaching a low of 82,434.02, while the Nifty 50 dropped 565 points, or 2.2 percent, to touch 25,231.90; the fourth consecutive session of losses for the indices.
Except for metals and media, major indices dropped by more than 1%; the real estate sector faced the steepest losses, with the realty index falling by over 2%
Nifty 50 fell 1.41% on Monday, extending its losing streak. Negative momentum indicators hint at further dips if it breaks 25800 support. Bank Nifty also closed lower.
Foreign investors shift from India to China amid rising uncertainty and intensifying West Asian tensions. Indian markets closed lower yesterday, no signs of improvement today.
Sebi faces scrutiny as chairperson Buch encounters conflict of interest allegations. Tensions within Sebi have escalated following Hindenburg Research's allegations and Congress party's accusations against her.
Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well