Live market updates: With Brent Crude trading at $130 a barrel and downbeat global sentiment, the benchmark indices started trade with deep cuts on Monday. The BSE Sensex fell 1,400 points to 52,938, while the NSE Nifty50 cracked 385 points to 15,856.
On the Sensex, top laggards were ICIC Bank, Maruti, Bajaj Finance, L&T, and Asian Paints, down up to 5 per cent. On the Nifty, Eicher Motors, Britannia, and Tata Motors were the additional losers.
On the flip side, a handful of stocks that managed to start in the green zone included metal and energy shares including Coal India, ONGC, Tata Steel, and Hindalco, up to 2.5 per cent.
Sectorally, Nifty Bank, Auto and Realty indices cracked 4 per cent each. Nifty IT was down 1.6 per cent, while Nifty Metals was the only outlier in green, holding marginal gains.
Among stocks, JK Cement was trading 5 per cent lower on the bourses. The company had announced its foray into paints business through a new subsidiary.
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