The BSE Sensex and Nifty50 ended the week on a bearish note as the rising crude prices and uncertainties about the global economic outlook amid the Russia-Ukraine war weighed on market sentiment.
The recovery on Dalal Street has extended to the third session on Thursday, thanks to positive state election results and a retreat in commodity prices amid high-level talks between Russia and Ukraine
With brent crude trading near $130 a barrel and rupee hitting an all-time low of nearly 77 a dollar, the benchmark indices tumbled over 3% in early trade on Monday.
The BSE Sensex and the NSE Nifty are poised to start the week on a bearish note, following sharp losses across Asia and negative trends on SGX Nifty futures.
Titan Company, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were among the top five losers on the BSE Sensex, falling up to 5%.