Markets proceed to droop amid weak international tendencies; Sensex tanks 365 factors

Benchmark indices continued to stay underneath strain on Monday, with the Sensex tumbling almost 365 factors following a sell-off in international markets and decline in shares of index main Reliance Industries.

Unabated overseas fund outflows and rupee hitting an all-time low additionally weighed on sentiment.

The 30-share BSE Sensex settled 364.91 factors or 0.67 per cent decrease at 54,470.67. During the day, it tanked 917.56 factors or 1.67 per cent to 53,918.02.

The NSE Nifty fell 109.40 factors or 0.67 per cent to finish at 16,301.85.

Among the Sensex corporations, Reliance Industries, Nestle, IndusInd Bank, Tech Mahindra, Tata Steel, State Bank of India, Hindustan Unilever and ITC had been the key laggards.

PowerGrid, HCL Technologies, Infosys, Maruti and Bajaj Finserv had been among the many gainers.

Elsewhere in Asia, markets in Tokyo and Seoul settled decrease, whereas Shanghai ended greater. Markets had been closed in Hong Kong for a vacation.

Bourses in Europe had been additionally quoting decrease within the afternoon session.

Stock exchanges within the US had fallen on Friday.

Meanwhile, worldwide oil benchmark Brent crude declined 1.17 per cent to USD 111 per barrel.

Foreign institutional traders offloaded shares price a internet Rs 5,517.08 crore on Friday, in keeping with inventory alternate information.