New Delhi: Stock markets extended sharp fall by crashing more than 1 percent on Monday amidst negative global cues as investors cashed profits in banking, consumer durables, oil & gas and PSU stocks.
The BSE Sensex, fell 505.13 points or 1.33 percent to close at 37,585.51. The wider NSE Nifty50 also dropped 137.45 points or 1.19 percent to 11,377.75.
Globally, market sentiments were subdued on reports that the US might announce fresh tariffs on Chinese imports.
The top losers Sensex were Yesbank (1.39 percent), HUL (1.60 percent), Axisbank (1.60 percent), SBI (1.65 percent), ITC (1.65 percent), Heromoto corp (1.72 percent), HDFC bank (1.81 percent), Asian paint (1.93 percent), RIL (2.12 percent), Tata Motors (2.35 percent), HDFC (2.38 percent) and Sunpharma (2.85 percent).