Sensex, Nifty tank nearly 1.5% on heavy selling in banking stocks

The market capitalisation (mcap) of BSE-listed companies slumped by Rs 3,57,885.53 crore to Rs 4,74,35,137.15 crore ($5.66 trillion)

- 

Equity benchmark indices Sensex and Nifty tumbled nearly 1.5 per cent on Monday due to heavy selling in banking, finance and auto stocks amid rising geopolitical risks in the Middle East and weakness in Japanese markets.

Besides, profit-taking in frontline stocks like Reliance Industries after a record-breaking rally and foreign fund outflows added to the gloom, analysts said.

Declining for the second straight session, the BSE Sensex tumbled 1,272.07 points or 1.49 per cent to settle at 84,299.78. During the day, it plunged 1,314.71 points or 1.53 per cent to 84,257.14.

A total of 2,223 stocks declined, 1,819 advanced and 151 remained unchanged on the BSE.

The market capitalisation of BSE-listed firms slumped by Rs 3,57,885.53 crore to Rs 4,74,35,137.15 crore ($5.66 trillion)

The NSE Nifty tanked 368.10 points or 1.41 per cent to 25,810.85.