Sensex, Nifty tumble on Indo-US trade war fears

Mumbai: Equity benchmark Sensex on Monday crashed over 491 points, piling on losses for a fourth session in a row, amid investors fearing that Indo-US import tariff tussle might open a new front in global trade war. Likewise, the NSE gauge slipped over 151 points to close below the 11,700-mark. Besides, fresh geopolitical tensions in the Middle-East and concerns over the advancement of monsoon also unnerved market participants. The BSE gauge settled 491.28 points lower at 38,960.79. The index hit an intra-day low of 38,911.49 and a high of 39,540.42. Similarly, the broader NSE Nifty cracked 151.15 points to close at 11,672.15. During the day, the index touched a low of 11,657.75 and a high of 11,844.05. PTI