Sensex down by over 450 points, Nifty below 11,600
The benchmark BSE Sensex tumbled by over 450 points during afternoon trade on Monday while Nifty was down 150 points.
At 3.25 pm, BSE Sensex was trading at 38,648.73 points, down by 491 points. The NSE Nifty too plunged 157 points to trade at 11,595.75.
Heavyweights RIL, HDFC and ICICI Bank were among the biggest drag on the indexes amid weak global cues, sinking rupee and soaring crude oil prices.
Yes Bank and Reliance Industries were the biggest losers in the Sensex pack, followed by IndusInd Bank, Bharti Airtel, Asian Paints, Kotak Bank, Tata Motors, Axis Bank, ICICI Bank, HDFC, Maruti, M&M, Bajaj Finance and SBI.
Foreign institutional investors (FIIs) purchased equity worth Rs 1,038.46 crore on Thursday, and domestic institutional investors (DIIs) sold shares to the tune of Rs 337.59 crore, provisional data available with stock exchanges showed.
The rupee depreciated nearly 50 paise to 69.84 against the US dollar in early trade. Brent crude futures, the global oil benchmark, was 2.06 per cent higher at USD 73.84 per barrel.
Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading in the red in early trade.
(With PTI inputs)