The key Indian stock market indices continued to bleed on Monday, with the benchmark Sensex of the BSE shedding 624 points to an intra-day low of 36,216.95 points and the Nifty 50 of the National Stock Exchange slumping below the 11,000-mark. Market observers said the plunge in the stock markets continued from last week’s sell-off in NBFC stocks on liquidity concerns, amid higher crude prices and a weak rupee.
The key Indian stock market indices continued to bleed on Monday, with the benchmark Sensex of the BSE shedding 624 points to an intra-day low of 36,216.95 points and the Nifty 50 of the National Stock Exchange slumping below the 11,000-mark. Market observers said the plunge in the stock markets continued from last week’s sell-off in NBFC stocks on liquidity concerns, amid higher crude prices and a weak rupee.
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