Mkts Crash Over Spike in Crude Prices, FII Outflows

Sensex tanked 1.36% to settle at 76,330.01, while Nifty dropped 1.47% to 23,085.95

- Press Trust of India

MUMBAI: Equity benchmark Sensex cracked over 1,000 points to dive below the 77,000 level on Monday, tracking heavy selling in global equities and a spike in international crude prices. A strong US jobs data that dampened early rate cut expectations, the rupee logging its steepest single-day fall in nearly two years and unabated foreign fund outflows also dampened investors' sentiment.

Falling for the fourth straight session, the 30-share BSE benchmark Sensex tanked 1,048.90 points or 1.36% to finally settle at 76,330.01. During the day, it plunged 1,129.19 points or 1.45% to 76,249.72.

The NSE Nifty dropped 345.55 points or 1.47% to close at 23,085.95.