The Indian stock market witnessed a sharp decline on Monday, with the Sensex falling 500 points as investors reacted to negative global market sentiment and rising crude oil prices.
The Nifty 50 index also slipped below the 24,300 mark, reflecting broad-based selling pressure across banking and technology sectors during early morning trade.
Analysts attribute the volatility to the ongoing geopolitical tensions in the Middle East and the strengthening of the US dollar, which has weighed on emerging market equities.