<p>Equity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets.</p>.<p>After tanking 737 points during the day, the 30-share BSE index recovered some lost ground to end 540 points or 1.33 per cent lower at 40,145.50.</p>.<p>The broader NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.</p>.<p>Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank.</p>.<p>Shares of RIL sank around 4 per cent after Amazon.com Inc won an interim arbitration award against its partner Future Group for selling its retail business to Reliance Industries for Rs 24,713 crore.</p>.<p>On the other hand, Nestle India, Kotak Bank, IndusInd Bank, PowerGrid and HUL were among the gainers.</p>.<p>The Indian market opened on a subdued note following mixed global cues as coronavirus cases in the Europe surged and several countries considered re-imposing strict lockdown measures, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.</p>.<p>During the afternoon session, the market continued to trade weak with selloff in metals, auto, realty and financial stocks, he added.</p>.<p>On the global front, bourses in Shanghai, Tokyo and Seoul ended on a negative note. Stock exchanges in Europe were also trading weak in early deals.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 2.04 per cent lower at USD 41.14 per barrel.</p>.<p>In the forex market, the rupee depreciated 23 paise to close at 73.84 against the US dollar.</p>
<p>Equity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets.</p>.<p>After tanking 737 points during the day, the 30-share BSE index recovered some lost ground to end 540 points or 1.33 per cent lower at 40,145.50.</p>.<p>The broader NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.</p>.<p>Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank.</p>.<p>Shares of RIL sank around 4 per cent after Amazon.com Inc won an interim arbitration award against its partner Future Group for selling its retail business to Reliance Industries for Rs 24,713 crore.</p>.<p>On the other hand, Nestle India, Kotak Bank, IndusInd Bank, PowerGrid and HUL were among the gainers.</p>.<p>The Indian market opened on a subdued note following mixed global cues as coronavirus cases in the Europe surged and several countries considered re-imposing strict lockdown measures, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.</p>.<p>During the afternoon session, the market continued to trade weak with selloff in metals, auto, realty and financial stocks, he added.</p>.<p>On the global front, bourses in Shanghai, Tokyo and Seoul ended on a negative note. Stock exchanges in Europe were also trading weak in early deals.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 2.04 per cent lower at USD 41.14 per barrel.</p>.<p>In the forex market, the rupee depreciated 23 paise to close at 73.84 against the US dollar.</p>