Sensex tanks 2,000 points, Nifty falls below 24,000 mark
Business
Markets took a big hit on Monday, with the Sensex dropping almost 2,000 points and the Nifty slipping below the 24,000 mark.
Rising crude oil prices and worries about conflict in the Middle East left investors feeling uneasy, leading to a sharp midday sell-off.
Oil prices surge amid Russia-Israel conflict
The downturn hit almost every sector: banking stocks dropped up to 5%, while auto, oil and gas, and private banks also saw notable losses.
A few midcap shares like Tata Communications managed small gains even as most smallcaps struggled.
Oil producers actually benefited from higher prices, but aviation and marketing stocks took a hit.
Overall, it was a tough day for most investors across the board.