Sensex drops over 100 pts, Nifty holds 17,100

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Benchmark indices snapped two sessions of gaining streak on Monday as rising oil prices played spoilsport amid prolonged Russia-Ukraine war. 

Sensex plunged 571.44 points to close at 57,292.49. During the day, it crashed 634.85 points or 1.09 per cent to 57,229.08.

Nifty declined 169.45 points or 0.98 per cent to end at 17,117.60.

What’s next? Here are the latest updates!

9:16 am: Market opening

Equity benchmark Sensex opened 149 points lower at 57,142.60. However, Nifty opened flat at 17,120.40 , up 2.80 points. 

HUL was the top loser on Sensex, declining over 2 per cent, followed by UltraTech Cement, Asian Paints, Axis Bank and M&M.

Tata Steel and Wipro were the top gainer on Sensex.

8:40 am: Global Updates

US stocks declined broadly while oil prices and Treasury yields pushed higher on Monday as investors refocused on risks from conflict in Ukraine and the US Federal Reserve’s actions on inflation.

The Dow Jones Industrial Average fell 201.94 points, or 0.58%, to 34,552.99, the S&P 500 lost 1.94 points, or 0.04%, to 4,461.18 and the Nasdaq Composite dropped 55.38 points, or 0.4%, to 13,838.46.