The Indian stock market is on a bear run now with the BSE Sensex losing over 1,100 points on Monday largely following a global sell-off.
Globally, markets have taken to consolidation after the recent surge to record highs amid rising bond yields and a weakening dollar.
The across-the-board sell-off in the Indian indices was led by auto, health care, FMCG, and IT stocks.
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The Sensex closed at 49,744.32, higher by 1,145.44 points or 2.25 percent from its previous close of 50,889.76 points.
It had opened at 50,910.51 and has touched an intra-day high of 50,986.03 and a low of 49,617.37 points.
The Nifty50 on the National Stock Exchange was trading at 14,675.70, lower by 306.05 points or 2.04 percent from its previous close.
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The major losers on the Sensex were Mahindra & Mahindra, Tech Mahindra, and IndusInd Bank, while the only top gainers were ONGC, HDFC Bank, and Kotak Mahindra Bank.
SOURCE-IANS
