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Sensex, Nifty Suffer Biggest Single-Day Fall In Two Weeks: Highlights

BSE Sensex today: Losses in energy, banking and auto shares dragged the markets lower
BSE Sensex today: Losses in energy, banking and auto shares dragged the markets lower

Domestic stock markets suffered sharp losses on Monday, with the benchmark indices logging their worst single-day fall since September 3. After a gap-down opening at 37,204.56 for the S&P BSE Sensex index, down 180.43 points from the previous close, the index extended losses dragged lower by energy, financial and automobile shares. The broader NSE Nifty benchmark started the session down 81.05 points at 10,994.85, and declined as much as 107.7 points from its previous close to 10,968.20 at the day's weakest level. The Sensex hit an intraday low of 37,028.94, down 356.05 from the previous close. Shares in oil refiners and marketing companies such as Bharat Petroleum, Indian Oil, Hindustan Petroleum and Reliance Industries were among prominent drags on the markets, as crude oil prices clocked their biggest gain since 1991 after an attack on Saudi Aramco oil facilities on Saturday shut about 5 per cent of global supply.

The government over the weekend announced measures aimed at pushing exports and affordable housing, including a Rs 10,000-crore special window for affordable housing to revive stalled projects. Meanwhile, official data released at noon showed wholesale inflation in the country stood at 1.08 per cent in August, the same level as the previous month.

Here are highlights of the movement in domestic share markets (Sensex and Nifty) on Monday, September 16: