New Delhi: Benchmark stock market indices plummeted on Monday, influenced by weak global signals, the escalating risk of a recession in the US economy, and rising geopolitical tensions in the Middle East.
The S&P BSE Sensex fell by 1672.88 points to 79,309.07 at 9:15 am, while the NSE Nifty50 dropped by 414.85 points to trade at 24,302.85.
Other broader market indices also saw declines, with smallcap and midcap stocks falling in line with the benchmarks.
Investors need to recognize that global market uncertainties have resulted in a significant increase in volatility.
Major sectoral indices experienced sharp declines, with substantial losses in realty, IT, banking, and financial services stocks.
The top five performers on the Nifty50 were Britannia, Sun Pharma, HUL, Dr Reddy’s, and Nestle India, whereas the biggest losers included Tata Motors, Hindalco, Shriram Finance, Tata Steel, and ONGC.
