Indian Market: Sensex down 787.98 pts
Mumbai,/UNI: The stock market was hit on Monday following boiling tensions in the Middle East, as the BSE Sensex dropped 787.98 points to settle below 41K mark to 40,676.63 points at close.
Consequent rise in the import bill due to surging crude oil prices and sliding Indian currency too impacted the same.
The National Stock Exchange (NSE) too fell by 233.60 points to 11,993.05.
The Nifty registered days high and low at 12,179.10 and 11,974.20 points respectively.
The day opened on a negative note at 41,378.34, fell by 86 points.
During the day it lost ground by 851 points to 40,613.96, day low, before closing at 40,676.63, tumbling down by 787.98 points from its last close.
The sectoral indices like Materials, Energy, Finance, Bankex, Auto, Metal and Realty dropped more than two per cent.
In scrips, Bajaj Finance, SBI, IndusInd Bank, Maruti Suzuki and HDFC dragged the market.
Fears of supply disruption to oil gained ground after US President Donald Trump threatened sanctions on Iraq, the second largest producer among the OPEC, after the latter's parliament voted in favour of expelling US and foreign troops.
Brent Crude Futures, which hit a high of $70.45 per barrel in the early trade, were quoting at $69.82 per barrel-mark, up 1.78 per cent.
In the broader market, the S&P BSE mid-cap index tumbled 2.33 per cent to close at 14,761.66, while the S&P BSE small-cap index lost 1.96 per cent to end at 13,715.18.
European shares extended losses on Monday as tensions following the killing of a top Iranian general by the United States kept buying restricted to safe havens.
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