Market Highlights: Sensex ends 1491 pts lower, Nifty settles below 15900; Bharti Airtel, HCL Tech top gainers

Share Market News Today | Sensex, Nifty, BSE , Share Prices Highlights: Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent.

            The Nifty futures were trading around 15,845.50 level on the Singaporean Exchange

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended deep in the red on Monday amid escalating geopolitical tensions, rising crude oil prices. Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent. Sectorally, metal index gained over 2 percent, while auto, bank, capital goods, FMCG, PSU Bank and realty fell 2-5 per cent. In broader markets, BSE midcap and smallcap indices shed over 2 per cent each.

BSE Sensex and NSE Nifty 50 nosedived, following global markets, amid rising crude oil prices, escalating geopolitical conflict, economic sanctions, and anticipated interest rate hikes. Although Sensex and Nifty are down sharply from all-time highs, analysts at Morgan Stanley believe Dalal Street appears to be relatively calm. “Historically, India's relative stock prices to EM have reacted poorly to oil price increases caused by supply outages,” Morgan Stanley’s Ridham Desai said in a note co-authored by Sheela Rathi and Nayant Parekh. They added that this time the trend seems to be different from the historic course. Sensex and Nifty fell more than 3% each on Monday morning but soon trimmed some losses.