Indian equity markets witnessed a sharp sell-off on Monday, with the Sensex and Nifty tumbling around 1% each as a steep decline in global markets, continued foreign institutional investor (FII) outflows and other headwinds weighed heavily on investor sentiment.
Sensex slumped over 719 points to close at 73,524, while Nifty 50 tumbled around 244 points to end the session at 23,123. The market rout wiped out nearly Rs 7 lakh crore from the combined market value of BSE-listed firms, reducing overall market capitalisation to less than Rs 455 lakh crore.
