Sensex fall 1313 pts, Nifty below 23,820 amid weak global cues

The Indian share market indices traded lower on Monday amid rising crude oil prices and fading hopes of a US-Iran peace deal to end the West Asia conflict.At close The Sensex was down 1,312.91 points or 1.7 percent to settle at 76,015.28.The Nifty dropped 360.30 points or 1.49 percent to end at 23,815.85.
Rain Industries Ltd., Ratnamani Metals &Tubes Ltd, Vodafone Idea Ltd,Tata Consumer Products Ltd were the top gainers on the Nifty, while losers included ABB India Ltd, Blue Dart Express Ltd, Aditya Birla Real Estate Ltd, Gujarat State Petronet Ltd.On the sectoral front all the major Nifty sectoral indices settled in the red, with just FMCG and pharma ending in the green. The broader markets also witnessed selling pressure, with the Nifty Smallcap100 index falling 1.13 percent and the Nifty Midcap100 declining 1.05 percent.
Rupee Close:
On 11 May'26,rupee tumbled nearly 0.9 per cent(sharpest single-day fall in more than a month) to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets.The currency slide came after US President Donald Trump rejected Iran’s response to a proposed peace deal, fuelling fears over prolonged disruptions in global energy supplies through the Strait of Hormuz.
Trading Guide:
Market experts recommended five shares to buy on Monday: Asian Paints, Kaynes Technology India, Tata Consumer Products, VST Industries, and Radico Khaitan.

(Business Correspondent)