Sensex, Nifty snap two days of gain

The benchmark equity indices tumbled snapping two days gain on Monday on rupee woes, rising crude oil prices and trade war concerns.

Sensex tanked 505.13 points, or 1.33%, closing at 37585.51 while Nifty ended at 11377.75 falling 137.45 points, or 1.19%.

Sun Pharma, HDFC, Tata Motors, Reliance Industries and Asian Paints were the biggest laggard on BSE tanking as much as 2.85%.

Sector-wise, BSE Finance lost the most slipping 1.44%. Other sectoral losers were BSE Energy (1.30%), Consumer Durables (1.25%), FMCG (1.20%) and Bankex and Healthcare (1.08%). However, BSE Realty (1.36%), Power (0.14%) and Utilities (0.04%) were the only sectoral gainers. 

BSE Midcap (-0.76%) and Smallcap (-0.05%) too had a negative day.