New Delhi, May 11 -- The Indian stock market witnessed a sharp selloff in Monday's trade on 11 May. as investor sentiment weakened amid a sharp rebound in crude oil prices after hopes of a near-term peace deal in West Asia faded. Adding to the pressure, realty and consumer durable stocks came under heavy selling after Prime Minister Narendra Modi urged a ‌spate of measures.

The Nifty ended the session with a steep 1.51% decline at 23,811, while the Sensex settled at 76,072, down 1.73% from previous close. Both benchmark indices recorded their biggest single day drop since April 24.

The broader markets also witnessed heavy selling pressure, with both the Nifty Midcap 100 and Nifty Smallcap indices losing nearly 1% each. Hopes of a ...