It was a tough Monday for the Indian stock markets, as the #Sensex plunges 1546 points to finish at 57,416; #Nifty lost 468 points to settle at 17,149 at the close of day.
The indices fell as much as 3.5% earlier in the session, before settling at their lowest levels since late December.
Foreign investors selling off shares worth $1.18 billion.
After Paytm’s underwhelming IPO, food-delivery behemoth Zomato found itself under tremendous selling pressure.
The stock on Monday crashed 19 per cent to hit an all-time low of INR 92.25 on the BSE. It is also the first time since its highyl aniticipated listing in July 2021, that the stock is trading below the 100 mark.
Metals and IT stocks went down the most, over investor worries about a quicker rate hike from the U.S. Federal Reserve.