MUMBAI: Benchmark Sensex declined by 360 points while the Nifty closed below the 17,000 level on Monday due to a selloff in financials, IT and capital goods shares amid a global rout in equities on lingering worries over the banking crisis.
Snapping its two-day gaining streak, the 30-share BSE Sensex declined by 360.95 points or 0.62 per cent to close at 57,628.95 as 23 of its stocks ended in the red. The index tanked more than 900 points to touch a low of 57,084.91 before recovering some losses at the fag end.
The broader Nifty of the NSE plunged by 111.65 points or 0.65 per cent to close below the 17,000-level at 16,988.40. As many as 40 Nifty stocks declined while 10 advanced. Analysts said investors fretted over the US banking crisis even as Federal Reserve and other central banks took efforts to ease a fastgrowing banking crisis.
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