Sensex extends losses, cracks over 450 points to trade at 36,378.14; realty, auto, banks, telecom stocks fall
The 30-share Sensex was trading lower at 36,378.14 showing a loss of 463.46 points, or 1.26 percent at 1200 hrs, the broader Nifty 50 index was trading at 11,007.25, down 135.85 points, or 1.22 percent.
Mumbai: The BSE Sensex extended losses in afternoon traded, plunging over 450 points on sustained bouts of selling in realty, auto, banks, finance, telecom, industrials and healthcare stocks amid rising crude prices and weak Asian cues.
The 30-share index was trading lower at 36,378.14 showing a loss of 463.46 points, or 1.26 percent at 1200 hrs.
The broader Nifty 50 index was trading at 11,007.25, down 135.85 points, or 1.22 percent.
Major losers were M&M, Maruti, HDFC, HDFC Bank, ICICI Bank, ITC, Tata Steel, IndusInd Bank and Kotak Bank, falling up to 6 percent.
Gainers include TCS, Infosys, Coal India, Vedanta and ONGC, rising up to 3.48 percent.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 760.70 crore, while domestic institutional investors (DIIs) also bought equities to the tune of Rs 497.03 crore last Friday, provisional data showed.
The markets in Japan, South Korea and China are closed for public holidays.
The US-China trade war remained in focus on Monday, on reports that China had called off planned trade talks with the US in the wake of a new round of duties.
In US, the Dow Jones Industrial Average last Friday notched a second straight all-time high, but a slump in technology and internet-related stocks weighed on the broader market.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Both the BSE Sensex and NSE Nifty50 closed modestly lower on Friday after investors offloaded banking, finance and metal stocks in the last hour of trade amid sluggish global cues
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40