Mumbai: Domestic stock markets Sensex and Nifty witnessed a huge fall in early trading on Monday. The failure of US-Iran talks raised fears of a prolonged conflict, leading to a sharp rise in crude oil prices. BSE Sensex fell 1,613.09 points to 75,937.16 in early trade while NSE Nifty slipped 495 points to 23,555.60.
Shares of all 30 companies included in Sensex remained in decline. Shares of Titan, Sun Pharma, NTPC, Bharat Electronics, Power Grid and Bharti Airtel fell the most. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng are trading with a decline. US markets closed with mixed sentiment on Friday.
The price of international standard Brent crude stood at $ 102.2 per barrel with an increase of 7.33 percent. According to stock market data, foreign institutional investors (FIIs) were buying on Friday and bought shares worth Rs 672.09 crore. On Friday, Sensex closed 1.20 percent higher and Nifty closed 1.16 percent higher.
