The Sensex and Nifty fell by three per cent in early trade on Monday as a worsening Russia-Ukraine crisis sent oil prices surging to the highest level since 2008 and stoked inflation fears.
The benchmark Sensex crashed by 3.17 per cent or 1,721.21 points to 52,612.60, The blue-chip Nifty-50 was down by 2.92 per cent or 473.70 points at 15,771.65. The stock market was trading in the red.
Both the indexes extended losses to a fourth straight session. Last week, they also posted their fourth consecutive weekly loss.