Sensex crashes over 1,000 points
MUMBAI [Maha Media]: Equity benchmark Sensex cracked over 1,000 points to dive below the 77,000 level on Monday, tracking heavy selling in global equities and a spike in international crude prices.
A strong US jobs data that dampened early rate cut expectations, the rupee logging its steepest single-day fall in nearly two years and unabated foreign fund outflows also dampened investors' sentiment.
Falling for the fourth straight session, the 30-share BSE benchmark Sensex tanked 1,048.90 points or 1.36 per cent to finally settle at 76,330.01. During the day, it plunged 1,129.19 points or 1.45 per cent to 76,249.72.