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Stock market LIVE updates:
The Indian equity markets cracked on the bourses on Monday, bleeding under global pressure. The S&P BSE Sensex slumped over 1,300 points as it tested 53,000 level while the Nifty50 hovered around 15,800.
Bajaj twins led losses on the Sensex, tanking 4 per cent each, followed by ICICI Bank, SBI, IndusInd Bank, Reliance, L&T, Kotak Bank, HDFC, Tech M and Infosys that fell 3 per cent. On the Nifty, Hindalco and Tata Motors were the additonal laggards.Â
Cipla was the sole player in green on the Nifty, up around a per cent. All others sat in red on the two benchamrk indices.
All sectors also held steep losses led by Nifty PSBs that cracked 4 per cent. Nifty Realty, Banks, Financials were the next top losers, sliding 3 per cent each.Â
The broader markets were also in tandem with the frontline indices. The BSE MidCap and SmallCap indices tanked 2.3 and 2.4 per cent, respectively.Â
In the currency market, the rupee yet again slumped to an all-time low as it breached the 78/$- mark at open. Â
