Markets sink on renewed US-Iran hostilities, Sensex declines 372 pts

Benchmark equity indices Sensex and Nifty ended lower on Monday as renewed hostilities between the US and Iran and rising oil prices unnerved investors.

- OUR CORRESPONDENT

Profit booking in select counters and selling pressure in IT, auto and oil stocks also dragged the benchmarks lower, traders said.

The 30-share BSE Sensex declined 372.10 points, or 0.48 per cent, to settle at 76,728.37. During the day, it tanked 478.72 points, or 0.62 per cent, to 76,621.75.

A total of 2,629 stocks declined, while 1,712 advanced and 218 remained unchanged on the BSE.

The 50-share NSE Nifty dropped 109.75 points, or 0.46 per cent, to end at 23,946.25.