Sensex nosedives 1,491 points

March 07, 2022 16:12

Equity benchmarks received a severe drubbing on Monday, with the Sensex tumbling 1,491 points amid extremely weak global makets and elevated oil prices triggered by the Russia-Ukraine conflict.

Extending its downtrend for the fourth straight session, the 30-share BSE Sensex opened on a weak note and slumped 1,966.71 points or 3.61 per cent to 52,367.10 during the day.

It finally managed to recover some of the lost ground and settled at 52,842.75, a decline of 1,491.06 points or 2.74 per cent. Similarly, the broader NSE Nifty tanked 382.20 points or 2.35 per cent to close at 15,863.15.

From the 30-share pack, Indusind Bank, Axis Bank, Maruti Suzuki, Bajaj Finance, Bajaj Finserv, UltraTech Cement and Mahindra & Mahindra were the biggest drags, tumbling up to 7.63 per cent. In contrast, Bharti Airtel, HCL Technologies, Tata Steel and Infosys settled in the green.

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