Stock market bloodbath continues! Sensex tanks 536 points, Nifty ends below 11,000; 5 key things to know

Stock market update: The key Indian stock market indices continued to bleed on Monday, with the BSE Sensex shedding 624 points intra-day and the NSE Nifty 50 slumping below the 11,000-mark.

The key Indian stock market indices continued to bleed on Monday, with the benchmark Sensex of the BSE shedding 624 points to an intra-day low of 36,216.95 points and the Nifty 50 of the National Stock Exchange slumping below the 11,000-mark. Market observers said the plunge in the stock markets continued from last week’s sell-off in NBFC stocks on liquidity concerns, amid higher crude prices and a weak rupee. The BSE Sensex closed Monday’s trade at over a two-month low of 36,305.02 points, down 536.58 points or 1.46%, while Nifty closed 168.20 points, or 1.51% lower at 10,974.90 points. Mahindra and Mahindra (M&M) lost the most (down 6.46%) on the Sensex index, while financial stocks led by HDFC (down 6.22%), IndusInd Bank (down 4.94%), ICICI Bank (down 2.8%), Kotak Bank (down 2.6%), HDFC Bank (down 2.16%), and SBI (down 2.04%) took a hit.

Source- https://www.financialexpress.com/