Sensex breaks 540 points; Nifty lands 162 points

Domestic stock markets closed in the red mark on Monday under pressure from all-round selling in most groups amid negative signals from foreign markets. The 30-share sensitive index Sensex of the BSE slipped by 540.00 points to close at 40,145.50 and the National Stock Exchange's Nifty fell 162.60 points to close at 11,767.60.

The domestic stock market dominated the sell-off today. According to market analysts, reports of coronavirus Kovid-19 infection spreading rapidly in Europe and the United States have weakened investor morale. The impact of this long-standing transition is dominating the economies around the world, and all countries are trying to overcome it on their behalf. The global market has recorded a three per cent drop in crude oil prices due to fears of a decline in demand for crude oil due to rising infections, leading to heavy losses to oil and gas sector companies.

Indices of metals, auto, energy, CDGS, basic materials, finance, health, industrial, IT, telecom, utilities, banking, capital goods, consumer products, oil and gas, electricity, realty, tech and PSUs fall in 20 groups of BSE Stayed in Only the FMCG sector index recorded an increase.

The order given on Sunday in connection with the 90-day stay by a Singapore arbitration court on the nearly Rs 25,000 crore deal between Reliance Retail and Future Group showed its impact on the market today. Reliance shares fell nearly four per cent. Bajaj Auto and Mahindra & Mahindra were the biggest losers of the Sensex.