Mumbai, June 8 -- Benchmark indices Sensex and Nifty slumped nearly 1 per cent on Monday, following a massive sell-off in global equities and a sharp rise in crude prices amid intensifying tensions in West Asia.
Besides, unabated foreign capital outflows and a weak rupee against the US dollar also weighed on investor sentiment, traders said.
Extending losses for the second straight session, the 30-share BSE Sensex tumbled 719.08 points, or 0.97 per cent, to settle at 73,524.26.
During the day, it dived 924.4 points, or 1.24 per cent, to 73,318.94.
The 50-share NSE Nifty dropped 243.70 points, or 1.04 per cent, to 23,123. In intra-day trade, the benchmark lost 296.55 points, or 1.26 per cent, to 23,070.15.
A total of 3,117 stocks declined, while 1,249 advanced and 171 remained unchanged on the BSE.
The market capitalisation of BSE-listed companies eroded by Rs 6,31,440.41 crore to Rs 4,55,28,758.96 crore ($4.76 trillion) in a single day.
Among the Sensex constituents, Eternal, Mahindra & Mahindra, Trent, InterGlobe Aviation, Reliance Industries and Tata Consultancy Services were among the biggest laggards.
In contrast, Power Grid, Tech Mahindra, Bharat Electronics and Bharti Airtel were among the winners.
The BSE SmallCap Select index tanked 1.61 per cent, and the MidCap Select index dropped 1.51 per cent.
Sectorally, Realty dived 2.57 per cent, metal (2.43 per cent), Telecommunication (2.28 per cent), Commodities (2.09 per cent), Industrials (2.06 per cent), Capital Goods (1.98 per cent) and Auto (1.85 per cent).
BSE Hospitals Index emerged as the only winner.
Brent crude, the global oil benchmark, jumped 4.10 per cent to $96.91 per barrel.
Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,776.25 crore on Friday, according to exchange data.
On Friday, the Sensex declined 116.67 points, or 0.16 per cent, to settle at 74,243.34. The Nifty dipped 49.85 points, or 0.21 per cent, to end at 23,366.70.
Published by HT Digital Content Services with permission from Millennium Post.