Indian equity markets continued the Friday's sell-off amid rising geopolitical disruptions, which pushed biggest jump in crude oil prices since 2020. Also, weak global markets and rupee hitting new low also weighed on investor sentiment. Meanwhile, buying at lower levels helped to trimmed some of the intraday losses as crude recovered.

At close, the Sensex settled at 77,566.16, down 1,352.74 points or 1.71 percent, after hitting low of 76,424.55, while Nifty also recovered from day’s low of 23,697.80 to end at 24,028.05, down 422.40 points or 1.73 percent.

Broader indices underperformed the main indices with Nifty Midcap and Smallcap indices shed 2 each

The market capitalisation of BSE-listed companies fell by more than Rs 8 lakh crore to Rs 441 lakh crore on Monday.

Tata Motors Passenger Vehicles, Eicher Motors, Bajaj Auto, UltraTech Cement, Maruti Suzuki were among major losers on the Nifty, while gainers included Wipro, Sun Pharma, Apollo Hospital, Reliance Industries, Infosys

All the sectoral indices ended in the red with Auto, Capital Goods, Consumer Durables, Metal, PSU Bank, Oil & Gas and Private Bank down 2-4%.


In stock specific, R Systems International shares added 20% after board declares interim dividend, Meesho share price plunged 10% after company received I-T department notice, Paras Defence shares declined 4% despite winning Rs 80.28 crore order, Cupid share price added 15% as stocks trades ex-bonus, Kwality Wall's (India) shares fell 2.2% after Q3 losses widen.

HPCL, BPCL, IOC shares slipped 4-6% each after UBS downgrades, South West Pinnacle Exploration shares added 5.6% on signing long-term contract of Rs 307 crore, Izmo shares surged 5% after arm announces entry into India’s defence electronics sector.

More than 850 stocks touched their 52-week low, including Swan Corp, Interglobe Aviation, GNFC, PNB Housing Finance, Birla Corp, BLS International, Sterling Wilson, RHI Magnesita, Just Dial, Asian Paints, Nuvoco Vistas, REC, Berger Paints, JK Lakshmi Cement, Rashtriya Chemicals, GAIL, Inox Wind, among others.