Summary of this article
Indian benchmark indices opened sharply lower on Monday, mirroring weakness across global markets as escalating tensions in West Asia, rising crude oil prices and concerns over higher US interest rates weighed on investor sentiment.
The NSE Nifty50 fell as much as 1.22% to 23,080.70 in early trade, while the BSE Sensex dropped 1.11% to 73,421.61. By 10 am, the Nifty had recovered some losses but was still down 200 points, or 0.91%, at 23,156, while the Sensex was lower by 638 points, or 0.90%, at 73,576.
