Market update: Sensex, Nifty down over a percent, midcaps down over 500 points##Market update: Sensex, Nifty down over a percent, midcaps down over 500 points
Equity indexes extended losses on Monday afternoon, spooked by rising crude oil prices and a weak rupee, that triggered selling across sectors except IT. The BSE Sensex traded at 36,403.86, tanking 437.74 points, or 1.19 percent at 12.25 pm. The NSE Nifty 50, gave up the 11,000 mark, trading at 10,999.50, dropping by 143.60 points, or 1.29 percent. Midcaps fell sharply, declining by over 2.5 percent. The Nifty MidCap slumped 2.71 percent, shedding nearly 500 points, while the BSE MidCap tanked 2.41 percent. Nifty Bank dropped to 25,060, shedding over 535 points, dipping by 2.10 percent. Nifty Auto fell 3.71 percent, Nifty Fin Service 3.16 percent, Nifty Pharma 1.45 percent. PSU Bank and PVT Bank declined by up to 2.4 percent each. Gainers among stocks included Tech Mahindra, TCS, Infosys, all rising up to 3.8 percent, while Coal India, ONGC and NTPC by up to 2.51 percent. Financials, auto, telecom stocks lead among the laggards. Bajaj Finance slumped 7.77 percent, Vodafone Idea 5.8 percent, M&M 5.7 percent, HDFC and Eicher Motors nearly 5 percent. Other losers were Maruti Suzuki, IndusInd Bank and Adani Ports, dipping by 4.61 percent.