Sensex fell 1600 points, Maruti and ICICI fell the most
Winning Bizness Desk
Mumbai. Foreseeing no prospect of the end of the war between Russia and Ukraine, the price of crude oil reached $130 on Monday, badly affecting investors' sentiment. Due to this, there has been a huge fall in the domestic stock market on Monday Morning. The BSE Sensex fell over 1,600 points in early trade, while the National Stock Exchange's Nifty declined over 400 points.
BSE Midcap and Smallcap indices lost 2.3%
At 10 am, the Sensex was trading at 52,819.73, down 1514.08 points or 2.79%. Nifty was trading at 15,785.40, down 459.95 points or 2.83%. In the broader market, all sectors are showing a decline. The BSE Midcap and Smallcap indices lost 2.3 per cent. ICICI Bank, Maruti, Bajaj Finance, L&T, and Asian Paints fell up to five per cent in Sensex stocks. Eicher Motors, Britannia, and Tata Motors are seeing a decline in Nifty.
Few stocks showing resilience
On the other hand, some stocks in the metal and energy sector are seeing a rise. Coal India, ONGC, Tata Steel and Hindalco gained up to 2.5 per cent. Nifty Bank, Auto and Realty indices fell up to four per cent. Nifty IT is seeing a decline of 1.6 percent. Only Nifty Metals is showing a slight uptrend.